Catenaa, Thursday, December 25, 2025- Bitwise has filed with the SEC to launch an exchange-traded fund tracking SUI tokens, aiming to provide investors exposure to the cryptocurrency’s value, net of operational expenses.
Coinbase Custody Company will serve as the fund’s custodian. The ETF’s ticker and sponsor fee were not disclosed.
Other firms are pursuing similar approvals. Canary Capital filed the first SUI ETF in March, followed by 21Shares, which recently launched the 21Shares 2x SUI ETF. None of the earlier filings have yet received SEC approval.
SUI ranks 31st in market capitalization and serves as the native asset of the Sui Layer 1 blockchain, spun out of Meta’s former Diem project.
Crypto ETFs tracking assets such as XRP, DOGE, and SOL have debuted recently, though the SEC under the Biden administration maintained a cautious approach, issuing enforcement actions against major industry participants.
Under current SEC Chair Paul Atkins, the agency has shifted toward regulatory clarity for digital assets, including approving listing standards for select ETFs to streamline market access.
Bitwise’s filing highlights ongoing institutional interest in creating regulated investment vehicles tied to emerging crypto assets.
Analysts say approval of a SUI ETF could broaden access for investors seeking exposure to Layer 1 blockchain tokens through a conventional investment framework, potentially driving increased adoption and liquidity.
