Bitwise Asset Administration submitted a Type S‑1 registration assertion on December 18 to the US Securities and Trade Fee (SEC) for a proposed alternate‑traded fund (ETF) designed to observe the spot worth of the Sui
$1.45
(SUI) token.
The brand new product, named the Bitwise Sui ETF, goals to allow traders to entry SUI in a regulated format.
The fund will monitor 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 massive SUI markets.
Do you know?
Subscribe – We publish new crypto explainer movies each week!
What’s Solana in Crypto? (Newbie-Pleasant Animation)
The registration names Coinbase
$748.24M
Custody because the fund’s custodian.
Lately, Bitwise added SUI to its Crypto Index Fund that trades on the New York Inventory Trade.
Bitwise beforehand submitted a spot XRP
$1.92
ETF software and affords spot Bitcoin and Ethereum
$3,031.38
ETFs.
The SEC will nonetheless have to look at Bitwise’s S‑1 earlier than any launch can happen. Based on 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 business in mid‑2023 and is at the moment listed among the many prime 35 cryptocurrencies by market cap.
Bitwise researcher Ryan Rasmussen recommended the marketplace for crypto exchange-traded merchandise (ETPs) will broaden in 2026. How? Learn the total story.
