Bitwise Seeks SEC Approval for Spot SUI ETF

Crypto asset management firm Bitwise has officially filed an application with the U.S. Securities and Exchange Commission (SEC) to introduce an exchange-traded fund (ETF) that tracks the Sui token. This filing, labeled as a Form S-1, was submitted on Thursday and marks a critical step toward the establishment of the “Bitwise Sui ETF.”

Key Takeaways:

Bitwise has submitted a filing for a spot SUI ETF to the SEC.
The ETF will track the spot price of the Sui token from the Sui Network.
Coinbase Custody will manage the ETF's custody services.
The SUI token has a market cap of $4.98 billion and ranks 31st among cryptocurrencies.
Bitwise is expanding its ETF offerings and expects significant growth in the crypto ETF market in 2026.

Bitwise files with SEC to offer spot SUI ETF

The proposed fund aims to mirror the spot price of Sui, which is the native token associated with the Sui Network, a layer 1 blockchain. Currently, Bitwise has not disclosed the ETF's ticker symbol. Additionally, Coinbase Custody will act as the custodian for this offering.

_Bitwise has recently incorporated Sui into its crypto index fund. Source:_Bitwise __

As of 2025, while the SEC has approved a variety of crypto ETFs, the market has yet to see a spot SUI ETF introduced in the United States. Earlier this year, both Canary Capital and 21Shares filed for similar offerings in March and April, with the review period for 21Shares set to conclude next month. Notably, the SEC had recently given the green light for a 2x leveraged SUI ETF from 21Shares, alongside the approval of broad listing standards aimed at facilitating the launch of crypto ETFs.

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The SUI token, which debuted in mid-2023, is currently ranked as the 31st largest cryptocurrency by market capitalization, valued at approximately $4.98 billion. The introduction of an ETF for this asset would likely be advantageous for the SUI community, as success in the market could significantly enhance demand for the token.

Expanding ETF Offerings

This month, Bitwise also included SUI in its 10 Crypto Index ETF listed on the New York Stock Exchange, emphasizing that the Sui Network is built to enable digital asset ownership that is "fast, private, secure, and accessible.” In addition to the anticipated spot SUI ETF, Bitwise has also launched a spot XRP ETF this year, expanding its portfolio that already includes a spot Bitcoin ETF and Ether ETFs.

Bitwise is optimistic about the crypto ETF market's potential growth in 2026. Researcher Ryan Rasmussen shared during a recent interview on the Bankless podcast that he anticipates the launch of over 100 new crypto ETF products next year. “From here, we are going to accelerate forward at ridiculous speed,” he remarked.

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