Bitwise Just Filed for a Spot SUI ETF - Here’s Why It Matters
Bitwise has officially filed an S-1 with the U.S. SEC to launch a spot SUI ETF, joining Grayscale, 21Shares, and Canary Capital in the race. If approved, the fund would offer 100% exposure to SUI, with Coinbase set as custodian - a familiar setup for institutions already comfortable with crypto ETFs.
Why this matters for the market:
- SUI would join assets like $BTC . ETH, SOL, XRP, and DOGE in Bitwise’s ETF lineup
- Bitwise plans to include staking, adding yield on top of price exposure
- In-kind creations mean direct token exposure, not just cash settlement
Altcoin ETFs are no longer theoretical - they’re becoming structured products. The question now isn’t if institutions look beyond Bitcoin, but which altcoin gets there first.
