SUI Exchange-Traded Fund Application Highlights Expanding Altcoin Exposure
Asset manager Bitwise has entered the growing race to launch a SUI exchange-traded fund (ETF), submitting a new registration statement to U.S. regulators. The filing underscores increasing demand for regulated investment products tied to alternative cryptocurrencies beyond Bitcoin and Ethereum.
According to the registration statement, the proposed fund aims to provide direct exposure to the value of SUI tokens, after accounting for operating expenses and liabilities. Coinbase Custody Company, LLC has been named as the custodian, while details such as the ticker symbol and management fee have yet to be disclosed.
Bitwise joins other firms seeking approval for a SUI-focused ETF, reflecting broader institutional interest in the Sui Layer 1 blockchain. SUI currently ranks among the top 35 cryptocurrencies by market capitalization and serves as the native asset of a network developed from technology originally associated with Meta’s discontinued Diem project.
Regulatory Landscape Favors New Crypto ETFs
Recent months have seen the rollout of ETFs tracking XRP, DOGE, and SOL, signaling a shift toward greater regulatory clarity. Under the current SEC leadership, clearer listing standards have made it easier for eligible crypto ETFs to progress through the approval process, accelerating product innovation across digital asset markets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.