Asset Manager Files for Spot SUI ETF as Crypto ETF Market Expands Despite Bear Market Concerns
An asset management firm has taken the first step toward launching a new exchange-traded fund tracking the Sui token, signaling continued expansion of the crypto ETF market despite broader concerns around market conditions.
The firm submitted a Form S-1 filing with the US Securities and Exchange Commission on Thursday to offer a proposed spot SUI exchange-traded fund.
The fund is designed to track the spot price of Sui, the native token of a layer-1 blockchain network built for high-throughput digital asset applications.
A major regulated custody provider has been named as custodian for the potential ETF, though the firm has not yet disclosed the product’s ticker symbol.
The asset manager recently included Sui in one of its crypto index products, signaling growing confidence in the asset’s long-term potential.
Despite a surge in crypto ETF filings throughout 2025, a spot SUI ETF has not yet launched in the US market.
Two other investment firms submitted competing applications earlier this year, with one facing a regulatory review deadline scheduled for next month.
Earlier this month, regulators approved a leveraged SUI ETF product and finalized general listing standards designed to streamline the launch process for crypto ETFs.
Launched in mid-2023, SUI currently ranks as the 31st largest cryptocurrency by market capitalization, with a valuation of approximately $4.98 billion.
A publicly traded ETF tied to SUI could significantly increase demand by expanding access to institutional and traditional investors.
Asset Manager Expands Crypto ETF Offerings
The firm recently added SUI exposure to its flagship multi-asset crypto index ETF listed on a major US stock exchange.
It has emphasized that the underlying blockchain is designed to make digital asset ownership fast, private, secure, and accessible.
In addition to the proposed SUI spot ETF, the firm launched a spot XRP ETF earlier this year, complementing its existing Bitcoin and Ether investment products.
A senior researcher at the firm recently said on a crypto-focused podcast that the digital asset ETF market is positioned for rapid growth beginning in 2026.
“From here, the market is expected to accelerate at an unprecedented pace,” the researcher said.
Industry observers estimate that more than 100 new crypto ETF products could launch next year as regulatory pathways continue to open.
The latest filing highlights the firm’s broader strategy of increasing investor exposure to emerging digital assets.
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