Bitwise files with SEC to launch Spot Sui ETF
The post Bitwise files with SEC to launch Spot Sui ETF appeared on BitcoinEthereumNews.com.
Crypto asset manager Bitwise aims to further expand its presence in the emerging crypto ETF market with a notice it has filed with the US Securities and Exchange Commission to create a spot Sui exchange-traded fund in the US. On Thursday, the firm submitted a Form S‑1 to launch the “Bitwise Sui ETF,” officially registering the product with the SEC and taking the initial step toward bringing the fund to market. Reflecting growing institutional interest in SUI, the filing positions the token among digital assets pursuing approval as spot-based investment products in the U.S. If approved, the ETF would allow investors to gain direct exposure to SUI through regulated markets, without the need to hold the token themselves. Bitwise moves to secure spot Sui ETF approval The ETF essentially follows the spot price of SUI (the native token of the Sui Network), the filing states. Sui is a Layer 1 blockchain, introduced in mid-2023, that aims to accelerate transaction rates and provide scalable digital asset ownership. Bitwise has not yet selected a ticker symbol for the ETF, should it receive approval for trading. Coinbase Custody is expected to serve as the fund’s custodian, continuing its role as a leading provider of crypto ETF services in the U.S. Despite a surge in crypto ETFs this year, no spot SUI ETF has yet launched domestically. Other firms are also working to fill that gap, with Canary Capital and 21Shares having filed for spot SUI ETFs in March and April, respectively. Everybody is talking about these new stocks, particularly the 21Shares application, as the market awaits the SEC’s decision next month. The SEC approved a 21Shares 2x leveraged SUI ETF in early May. A slew of new crypto ETFs have been listed recently, following the regulator’s creation of generic listing standards, which have…
Filed under: News - @ December 19, 2025 6:20 am