Crypto asset manager Bitwise has officially filed Form S-1 with the U.S. Securities and Exchange Commission to launch a spot SUI ETF. This is another important step in the expanding cryptocurrency ETF market. The proposed product, called the Bitwise SUI ETF, provides investors with direct exposure to the spot price of SUI, the native token of the Sui Network.
The move puts Bitwise alongside Grayscale, 21Shares and Canary Capital, which have already applied to launch similar products. As competition intensifies, SUI is quickly emerging as one of the next generation of altcoins for ETF adoption.
What your submission reveals
Coinbase Custody will act as custodian for the ETF, providing enhanced institutional-level security for the fund, according to an SEC filing. Bitwise has not yet disclosed the ETF’s ticker or listing exchange, but the structure is designed to provide 100% spot exposure to SUI rather than derivatives.
In particular, Bitwise plans to include a staking feature in its ETF. This means the fund can generate additional SUI tokens over time, potentially increasing returns for investors, an approach that sets it apart from many existing cryptocurrency ETFs. The filing also outlines in-kind creation and redemption, allowing Bitwise to trade directly in SUI tokens instead of using cash, a structure increasingly favored by issuers.
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Why the SUI ETF is Gaining Momentum
Interest in SUI-based ETFs has accelerated since the SEC recently approved 21Shares’ 2x leveraged SUI ETF. Although a spot SUI ETF has not yet launched in the U.S., regulatory momentum is clearly building.
Launched in 2023, SUI is currently the 31st largest cryptocurrency by market capitalization, valued at approximately $5 billion. Bitwise recently added SUI to its 10th Crypto Index ETF, signaling growing confidence in the network’s long-term potential.
Market reaction and future plans
Despite the report, SUI’s price remained relatively flat, trading near $1.40 and still down more than 12% on the week. However, analysts see the ETF filing as a long-term catalyst rather than an immediate price trigger.
As Bitwise continues to expand its lineup of cryptocurrency ETFs and predicts explosive growth in 2026, the race to launch a spot SUI ETF is officially underway and investors are watching closely.
The timing of Bitwise’s submissions is important. Under SEC Chairman Paul Atkins, the SEC has taken steps toward clearer cryptocurrency regulation, including approving a standardized ETF listing framework. These changes have already helped ETFs linked to assets like XRP, DOGE, and SOL move closer to the market.
If this momentum continues, a spot SUI ETF may not remain a hypothetical for long.
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Frequently Asked Questions
Spot SUI ETFs are funds that hold actual SUI tokens, giving investors direct exposure to market prices without having to purchase or store cryptocurrencies directly.
Bitwise has filed with the SEC, but no official launch date or ticker has yet been announced for the SUI ETF.
The ETF provides 100% spot exposure to SUI by using Coinbase Custody for security and allowing direct token trading through spot creation.
SUI ETFs rely on experts like Coinbase to handle custody and security, providing a regulated and convenient way to invest without having to manage your personal wallet or keys.
ETF filings are viewed as long-term catalysts rather than immediate triggers, so SUI’s price may initially remain stable despite the filings.
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