The post Bitwise Files for Spot SUI ETF With SEC appeared first on Coinpedia Fintech News
Crypto asset manager Bitwise has officially filed a Form S-1 with the U.S. Securities and Exchange Commission to launch a spot SUI ETF, marking another major step in the expanding crypto ETF market. The proposed product, called the Bitwise SUI ETF, would offer investors direct exposure to the spot price of SUI, the native token of the Sui Network.
This move places Bitwise alongside Grayscale, 21Shares, and Canary Capital, all of which have already filed to launch similar products. With competition intensifying, SUI is rapidly emerging as one of the next altcoins poised for ETF adoption.
What the Filing Reveals
According to the SEC filing, Coinbase Custody will serve as the custodian for the ETF, reinforcing institutional-grade security for the fund. While Bitwise has not yet disclosed the ETF’s ticker or listing exchange, the structure is designed to provide 100% spot exposure to SU
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