Crypto asset administration firm Bitwise has utilized to the U.S. Securities and Change Fee to launch an exchange-traded fund to trace Sui tokens.
On Thursday, the corporate filed a Kind S-1 utility to supply the Bitwise Sui ETF, first registering the product with the SEC and taking the primary steps towards launching the fund.
Bitwise outlined that the fund will observe the spot worth of Sui (SUI), the native token of the layer 1 blockchain, Sui Community.
Bitwise has not but indicated what the ETF’s ticker will probably be. Coinbase Custody acts because the custodian in your product.
Bitwise lately added Sui to its cryptocurrency index fund. sauce: little by little
Whereas a slew of crypto ETFs have been greenlit by the SEC in 2025, spot SUI ETFs have but to seem on the U.S. market. Canary Capital and 21Shares each submitted purposes in March and April this 12 months, with the latter’s evaluate deadline looming subsequent month.
The SEC lately accredited 21Shares’ 2x leveraged SUI ETF earlier this month, passing widespread itemizing requirements that make it simpler to convey crypto ETFs to market.
The SUI token was launched in mid-2023 and is the thirty first largest cryptocurrency by market capitalization with $4.98 billion.
An ETF for this asset is more likely to profit from the SUI neighborhood, and if profitable, a publicly traded ETF might observe the asset and drive vital demand.
Bitwise continues to extend ETF publicity
Earlier this month, Bitwise additionally added SUI to the New York Inventory Change’s 10 Crypto Index ETF, highlighting that blockchain is “designed to make possession of digital property quick, personal, safe, and accessible.”
Aside from the potential Spot SUI ETF, Bitwise additionally launched a Spot XRP ETF along with a Spot Bitcoin ETF and an Ether ETF this 12 months.
The corporate expects the crypto ETF market to blow up in 2026, and Bitwise researcher Ryan Rasmussen stated in an interview with the podcast Bankless on Tuesday that he expects greater than 100 merchandise to launch quickly subsequent 12 months.
“It will speed up at an unbelievable charge from right here,” he stated.
