Bitwise Asset Administration submitted a Type S‑1 registration assertion on December 18 to the US Securities and Alternate Fee (SEC) for a proposed alternate‑traded fund (ETF) designed to observe the spot value of the Sui
$1.47
(SUI) token.
The brand new product, named the Bitwise Sui ETF, goals to allow buyers to entry SUI in a regulated format.
The fund will observe the spot worth of Sui utilizing the CME CF Sui, Greenback Reference Charge, New York Variant as a benchmark, which is set from buying and selling information throughout giant SUI markets.
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The registration names Coinbase
$1.22B
Custody because the fund’s custodian.
Not too long ago, Bitwise added SUI to its Crypto Index Fund that trades on the New York Inventory Alternate.
Bitwise beforehand submitted a spot XRP
$1.94
ETF utility and provides spot Bitcoin and Ethereum
$2,989.70
ETFs.
The SEC will nonetheless have to look at Bitwise’s S‑1 earlier than any launch can happen. In response to the submitting, Bitwise Funding Advisers, LLC would function sponsor, and whereas a ticker has not been confirmed, the agency anticipates releasing additional particulars because the launch nears.
Bitwise expects extra crypto ETFs to come back to market all through 2026.
Sui entered the crypto trade in mid‑2023 and is presently listed among the many prime 35 cryptocurrencies by market cap.
Bitwise researcher Ryan Rasmussen urged the marketplace for crypto exchange-traded merchandise (ETPs) will broaden in 2026. How? Learn the complete story.
