Crypto firm Bitwise Asset Management filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to launch a spot ETF for Sui on December 18, 2025.
Sui, the token powering the Sui blockchain, is a fast, secure network that was launched in mid-2023. With the S-1 Form filed, the network could see some big changes ahead. ETFs let everyday and big-money investors buy crypto exposure through regular stock markets without having to open a wallet.
If approved, the proposed Bitwise SUI ETF would allow investors to gain regulated exposure to SUI’s price without buying the token directly on crypto exchanges, similar to existing Bitcoin and Ethereum ETFs. The filing notes that Coinbase Custody will serve as the ETF’s custodian, offering institutional-grade security.
Bitwise’s management said the filing “represents our continued commitment to expanding regulated access to innovative blockchain assets,” adding that the ETF could “open SUI to a broader investor base.” The firm highlighted its broader strategy of offering multiple spot crypto funds, noting SUI’s growing appeal as a layer-one network with strong developer interest.
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Sui’s price has seen some wild swings. In 2025 it’s saw a peak of $5.37 in January but has since cooled-off to hover around $1.58 levels currently. The ETF news could trigger its next uptrend. Right now, Sui’s market cap sits at about $5 billion, making it the 21st biggest crypto according to CoinMarketCap data.
