Crypto asset manager Bitwise has filed a registration statement with the US Securities and Exchange Commission to launch the Bitwise SUI ETF. The proposed fund would seek to track the value of SUI tokens held by the trust, net of expenses, with Coinbase Custody named as custodian.
The filing places Bitwise alongside other firms pursuing regulated exposure to SUI. Canary Capital and 21Shares previously submitted applications for similar products, though none have yet received approval. Interest in SUI-linked products has increased as issuers expand beyond ETFs tied to Bitcoin and Ether into newer layer 1 assets.
The application comes amid a broader shift in the US regulatory environment for crypto investment products. Under current SEC leadership, the agency has moved toward clearer listing standards, enabling a wider range of digital asset ETFs to seek market approval as institutional demand continues to evolve.
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