Crypto asset manager Bitwise has moved to expand its footprint in the US crypto ETF market as interest in altcoin-based investment products continues to rise.
The firm has filed to launch a spot exchange-traded fund tied to Sui, reflecting broader efforts by asset managers to offer regulated exposure to emerging blockchain networks.
The filing comes amid increasing competition and evolving SEC listing standards.
The proposed fund would track the spot price of SUI, the native token of the Sui Network, a layer-1 blockchain launched in mid-2023.
Bitwise’s application places SUI alongside other digital assets seeking spot ETF approval in the US.
Broader ETF strategy reflects regulatory momentum
The Sui filing fits within Bitwise’s wider push to diversify its ETF lineup.
Earlier this month, the firm added SUI to its Bitwise 10 Crypto Index ETF, which trades on the New York Stock Exchange.
Bitwise described Sui as a network designed for speed, security, and accessible digital asset ownership.
Beyond Sui, Bitwise already offers spot Bitcoin and Ether ETFs in the US market. The firm also launched a spot XRP ETF this year, expanding exposure to major crypto assets.
These moves align with its strategy of backing networks positioned for long-term adoption.
As of the time of writing, Sui network has surged by 2.15% and is currently trading at $1.42.