Bitwise Files Spot SUI ETF With SEC, Offering Direct Exposure and Staking Yield to Tap a $5B Token Market
The post Bitwise Files Spot SUI ETF With SEC, Offering Direct Exposure and Staking Yield to Tap a $5B Token Market appeared on BitcoinEthereumNews.com.
Key Takeaways: Bitwise has filed to launch a spot SUI ETF, designed to track SUI’s price directly using a CME CF benchmark. The ETF plans to stake SUI holdings, aiming to generate additional yield beyond price exposure. Coinbase Custody will safeguard assets, while in-kind creations and redemptions align the product with institutional ETF standards. Bitwise Asset Management has formally moved to expand the U.S. crypto ETF landscape by filing for a spot SUI exchange-traded fund. The proposal signals growing institutional interest in SUI, a fast-rising Layer 1 blockchain token, as ETF issuers push beyond Bitcoin and Ethereum. Read More: Bitwise’s Hyperliquid ETF Nears Launch With 0.67% Fee and Built-In Staking Yield Boost Bitwise Pushes SUI Into the Spot ETF Race The proposed Bitwise SUI ETF is structured as an exchange-traded product that holds SUI directly rather than relying on derivatives. Its goal is simple: reflect the market value of SUI held by the trust, minus operating costs and liabilities. Net asset value will be calculated daily using the CME CF Sui–Dollar Reference Rate (New York variant), a benchmark built from executed trades across major SUI trading platforms. This approach mirrors pricing standards already used in approved Bitcoin and Ethereum ETFs, reinforcing institutional familiarity. Bitwise Investment Advisers will sponsor and manage the trust. While details such as the ticker symbol and exchange listing remain undisclosed, the filing confirms that shares will be created and redeemed in large blocks, or “baskets,” through authorized participants. ETF Structure Mirrors Institutional Crypto Standards The trust will issue or redeem shares of baskets of 10,000 shares, and in-kind transfers of SUI or cash transfers. This framework assists in maintaining trading prices in line with the net asset value, but still in volatile market situations, premiums and discounts may still arise. The SUI custodian has been selected…
Filed under: News - @ December 20, 2025 10:22 am