Bitwise Files for First SUI Spot ETF with U.S. SEC
- Bitwise Asset Management files for SUI spot ETF with U.S. SEC.
- First filing of its kind in the U.S. market.
- Proposal includes integration with Coinbase for staking.
Bitwise Asset Management filed for the first U.S. spot SUI ETF with the SEC on December 18, 2025, naming Coinbase Custody as the custodian.
This ETF filing indicates increased institutional interest in SUI, potentially impacting its price trajectory and broadening its adoption in the U.S. market.
Bitwise Asset Management has filed a Form S-1 with the U.S. SEC to launch the first SUI spot ETF, aiming to track the price via the CME CF Sui–Dollar Reference Rate. This marks a significant step in SUI’s financial landscape.
The filing includes Coinbase Custody Trust Company as the custodian, proposing to stake a portion of holdings. This transaction highlights Bitwise’s expansion into SUI, joining competitors like Grayscale and 21Shares in the ETF market.
Following the filing, SUI’s price experienced an 8% surge within 24 hours, indicating positive market reception. Bitwise’s move may catalyze further investor interest, potentially impacting SUI’s valuation in the foreseeable future.
Institutional interest could grow, as highlighted by SUI’s $450M digital asset treasury. Market dynamics suggest an evolving landscape, with ETFs potentially mainstreaming tokenized assets by 2026, although specific timelines remain uncertain. Bitwise Asset Management spokesperson said, “This filing represents a significant step forward in the evolution of cryptocurrency investing, as we aim to provide investors with a regulated product that tracks SUI directly.”
Historical precedents suggest that successful ETF approvals can boost Layer 1 assets like Solana. Bitwise’s track record with Bitcoin and Solana ETFs might influence the outcome of this SUI initiative, potentially driving market growth.
Insights suggest a shift towards institutionalization of DeFi as regulatory landscapes mature. The success of the SUI ETF could pave the way for new investment opportunities, fostering technological advancements supported by secure and transparent frameworks.
