crypto asset manager Bitwise has taken the first step toward launching a new exchange-traded fund tracking the Sui token.
The firm submitted a Form S-1 filing with the US Securities and Exchange Commission on Thursday to offer the “Bitwise Sui ETF.”
The proposed fund is designed to track the spot price of Sui, the native token of the layer 1 blockchain, Sui Network.
Coinbase Custody has been named as the custodian for the potential ETF, although Bitwise has not yet disclosed what the ETF’s ticker will be.
Bitwise recently included Sui in its crypto index fund, signaling growing confidence in the asset.
Despite a surge of crypto ETF filings in 2025, a spot SUI ETF has not yet debuted in the US market.
Canary Capital and 21Shares submitted applications in March and April, with 21Shares’ SEC review deadline coming next month.
Earlier this month, the SEC approved a 2x leveraged SUI ETF from 21Shares and passed general listing standards that make it easier for crypto ETFs to launch.
Launched in mid-2023, SUI currently ranks as the 31st largest cryptocurrency by market capitalization, valued at $4.98 billion.
A publicly traded ETF for SUI would likely boost demand, giving the SUI community increased exposure to institutional investors.
Bitwise Expands Crypto ETF Offerings
Bitwise recently added SUI to its 10 Crypto Index ETF on the New York Stock Exchange.
The firm emphasized that the Sui blockchain is “designed to make digital asset ownership fast, private, secure, and accessible.”
In addition to the potential SUI spot ETF, Bitwise launched a spot XRP ETF this year, supplementing its existing Bitcoin and Ether ETFs.
Bitwise researcher Ryan Rasmussen told the Bankless podcast that the crypto ETF market is poised for rapid growth in 2026.
“From here we are going to accelerate forward at ridiculous speed,” Rasmussen said.
Industry observers anticipate more than 100 new crypto ETF products could hit the market next year.
Bitwise’s move underscores the firm’s ongoing strategy to increase exposure to emerging crypto assets.
