Crypto asset manager Bitwise has filed with the U.S. Securities and Exchange Commission to launch an exchange-traded fund tracking the Sui token.
The company filed a Form S-1 on Thursday to supply the “Bitwise Sui ETF,” first registering the product with the SEC and taking step one toward launching the fund.
Bitwise explained that the fund would track the spot price of Sui (SUI), the native token of the Layer 1 Sui network.
Bitwise has not yet announced what the ETF's ticker will appear like. Coinbase Custody acts because the custodian for the product.
Bitwise had recently added Sui to its crypto index fund. Source: Bitwise
Amid the flood of crypto ETFs getting approved by the SEC in 2025, a spot SUI ETF has yet to hit the US market. Canary Capital and 21Shares each filed in March and April this 12 months, with the review period for the latter ending next month.
The SEC recently approved a 2x leveraged SUI ETF from 21Shares earlier this month and adopted generic listing standards that make it easier for crypto ETFs to come back to market.
The SUI token was launched in mid-2023 and is currently the thirty first largest cryptocurrency by market capitalization with a worth of $4.98 billion.
An ETF for the asset would likely be viewed positively by the SUI community, as publicly traded ETFs tracking the asset would drive significant demand if successful.
Bitwise continues to extend its ETF exposure
Earlier this month, Bitwise also added SUI to its 10 Crypto Index ETF on the New York Stock Exchange, emphasizing that blockchain is “designed to make ownership of digital assets fast, private, secure and accessible.”
In addition to a possible spot SUI ETF, Bitwise also launched a spot XRP ETF this 12 months, complementing its spot Bitcoin ETFs and Ether ETFs.
The company expects the crypto ETF market to blow up in 2026. Bitwise researcher Ryan Rasmussen said in an interview with the Bankless podcast on Tuesday that he expects a rapid launch of greater than 100 products next 12 months.
“We’re going to maneuver forward at a ridiculous rate from here,” he said.
