Bitwise files with SEC to offer spot SUI ETF

cointelegraphPublicado em 2025-12-19Última atualização em 2025-12-19

Resumo

Bitwise has filed with the SEC to launch a spot SUI ETF, tracking the native token of the Sui Network. The firm submitted a Form S-1 registration, though a ticker symbol has not yet been announced. Coinbase Custody will serve as the custodian. This would be the first spot SUI ETF in the U.S., following earlier filings from Canary Capital and 21Shares, the latter of which recently received approval for a leveraged SUI ETF. SUI, launched in 2023, is the 31st-largest cryptocurrency with a $4.98 billion market cap. Bitwise recently added SUI to its existing crypto index fund and has also launched spot Bitcoin, Ether, and XRP ETFs. The firm anticipates rapid growth in the crypto ETF market in 2026.

Crypto asset manager Bitwise has filed with the US Securities and Exchange Commission to launch an exchange-traded fund tracking the Sui token.

The firm submitted a Form S-1 filing on Thursday to offer the “Bitwise Sui ETF,” initially registering the product with the SEC and taking the first step toward launching the fund.

Bitwise outlined that the fund would track the spot price of Sui (SUI), the native token of the layer 1 blockchain, the Sui Network.

Bitwise is yet to indicate what the ETF's ticker will be. Coinbase Custody will serve as the custodian for the product.

*Bitwise had recently added Sui to its crypto index fund. Source:* *Bitwise*

Amid the flood of crypto ETFs being greenlit by the SEC in 2025, a spot SUI ETF is yet to hit the market in the US. Canary Capital and 21Shares both submitted filings in March and April this year, with the review deadline for the latter coming next month.

The SEC recently approved a 2x leveraged SUI ETF from 21Shares earlier this month, and has passed generic listing standards that make it easier for crypto ETFs to come to market.

Related: XRP’s familiarity helps push ETFs past $1B assets: Exec

The SUI token launched back in mid-2023 and is the 31st largest cryptocurrency in terms of market cap at $4.98 billion.

An ETF for the asset would likely be seen as a boon by the SUI community, with publicly traded ETFs tracking the asset driving significant demand if successful.

Bitwise keeps upping ETF exposure

Earlier this month, Bitwise also added SUI to its 10 Crypto Index ETF on the New York Stock Exchange, highlighting that the blockchain is “designed to make digital asset ownership fast, private, secure, and accessible.”

Aside from a potential spot SUI ETF, Bitwise also launched a spot XRP ETF this year, adding to its spot Bitcoin ETF and Ether ETFs.

The firm expects the crypto ETF market to explode in 2026, Bitwise researcher Ryan Rasmussen stating during an interview with the Bankless podcast on Tuesday that he expects to see more than 100 products launch in a rapid fashion next year.

“From here we are going to accelerate forward at ridiculous speed,” he said.

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Perguntas relacionadas

QWhat is Bitwise filing with the SEC to launch?

ABitwise is filing with the SEC to launch a spot exchange-traded fund (ETF) that tracks the Sui token (SUI).

QWhich company will serve as the custodian for the Bitwise Sui ETF?

ACoinbase Custody will serve as the custodian for the Bitwise Sui ETF.

QWhat is the market cap ranking of the SUI token among cryptocurrencies?

AThe SUI token is the 31st largest cryptocurrency by market cap, valued at $4.98 billion.

QBesides the potential SUI ETF, what other crypto ETFs has Bitwise launched this year?

ABesides the potential SUI ETF, Bitwise has launched a spot XRP ETF, a spot Bitcoin ETF, and Ether ETFs this year.

QWhat does Bitwise researcher Ryan Rasmussen predict about the crypto ETF market in 2026?

ARyan Rasmussen predicts that more than 100 crypto ETF products will launch rapidly in 2026, accelerating the market at a 'ridiculous speed'.

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