Bitwise seeks SEC approval for spot SUI ETF, involving Coinbase Custody as designated custodian.
- Bitwise files for SUI spot ETF, leveraging Coinbase Custody.
- SUI price increases 8% post filing.
- ETF race heats up with Bitwise’s move.
Bitwise Asset Management filed a prospectus with the SEC on December 18, 2025, to launch a spot SUI ETF, potentially incorporating staking through Coinbase Custody.
The filing may strengthen Bitwise’s position in the competitive altcoin ETF market, coinciding with an 8% increase in SUI’s price following the announcement.
Bitwise Proposes Direct SUI ETF Involving Coinbase
Bitwise Asset Management submitted a proposal to the SEC to launch a spot SUI ETF. The ETF seeks direct exposure to SUI tokens. Coinbase Custody is designated as the custodian.
The move suggests Bitwise’s intent to expand into altcoin ETFs. The company already offers spots on Bitcoin and other cryptocurrencies. SUI’s inclusion highlights its growing importance.
SUI Market Reacts with 8% Price Surge
SUI’s market value surged 8% shortly after the announcement. The filing has drawn attention, signaling increased interest in altcoin investments.
This filing could influence market dynamics, bringing more institutional interest to SUI. It might also affect trading volumes and liquidity in the SUI market.
Bitwise Expands ETF Portfolio with SUI Inclusion
Bitwise’s filing follows its previous success with spot ETFs for Bitcoin and others, indicating a trend towards altcoin market diversification.
Experts suggest that if approved, this ETF might foster greater liquidity and price stability for SUI. Historical data indicates similar outcomes for other approved ETFs.
SUI price surged 8% in the 24 hours after the announcement of the ETF filing, indicating market interest.
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