Key notes
- The ETF would directly hold SUI tokens, providing regulated exposure to institutional investors.
- Sui is a layer 1 blockchain based on Move with over 1.2 billion transactions since May 2023.
- SEC review of altcoin ETFs is ongoing, with approval still pending under increased scrutiny.
Asset manager Bitwise filed an S-1 with the SEC on Dec. 18 to launch the first U.S. cash ETF following Sui’s.
SUI
$1.44
24h volatility:
0.2%
Market capitalization:
$5.36 billion
Flight. 24h:
$1.10 billion
native token. Move Expands Firm’s Aggressive Altcoin ETF Strategy Beyond Bitcoin
BTC
$88,081
24h volatility:
0.3%
Market capitalization:
$1.76 ton
Flight. 24h:
$63.33 billion
Ethereum
ETH
$2,970
24h volatility:
0.3%
Market capitalization:
$357.81 billion
Flight. 24h:
$37.09 billion
Solana
GROUND
$125.1
24h volatility:
1.8%
Market capitalization:
$70.25 billion
Flight. 24h:
$7.38 billion
and XRP
XRP
$1.88
24h volatility:
2.1%
Market capitalization:
$113.38 billion
Flight. 24h:
$4.44 billion
.
The proposed Bitwise Sui ETF would hold SUI tokens directly through a custodian, providing institutional investors with regulated exposure without the operational burden of self-custody or decentralized exchange interaction.
About Sui and its technology
Sui, a Move-based Layer-1 chain built by former Meta engineers, has processed over 1.2 billion transactions since its mainnet launched in May 2023.
Blockchain’s parallel execution model differentiates it from Ethereum’s sequential processing, a technical feature highlighted by Bitwise in previous public comments on the alternative Layer 1 infrastructure.
The filing comes as the SEC reviews a wave of altcoin ETF applications filed in recent months. Grayscale, 21Shares and Canary Capital submitted competing proposals for Solana, XRP and Litecoin
LTC
$76.29
24h volatility:
1.8%
Market capitalization:
$5.84 billion
Flight. 24h:
$578.91 million
products.
Many have yet to receive approval, and the SEC has still applied increased oversight to non-Bitcoin crypto assets under the Howey test.
Regulatory process and market implications
The S-1 now enters the SEC’s standard review process, which typically spans several months and includes multiple rounds of amendments. Market participants are monitoring whether the agency’s posture changes under the new leadership.
If authorized, the Sui ETF will become the first regulated U.S. product offering direct exposure to a Move language blockchain. This distinction is important for allocators evaluating non-EVM ecosystems, particularly when Aptos
APTE
$1.57
24h volatility:
1.2%
Market capitalization:
$1.17 billion
Flight. 24h:
$220.42 million
and Sui compete for developer mindshare in the Move ecosystem.
Earlier in December, Bitwise further demonstrated its confidence in Sui by including it in its 10 Crypto Index ETF on the New York Stock Exchange.
The company highlighted blockchain’s focus on rapid, secure and private ownership of digital assets, highlighting Sui’s growing relevance for retail and institutional investors.
Sui. Designed to make ownership of digital assets fast, private, secure and accessible.
Now in the Bitwise 10 Crypto Index ETF (NYSE: BITW). pic.twitter.com/FfrF5r6qom
– Bitwise (@BitwiseInvest) December 9, 2025
following
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Hamza is an experienced crypto editor/writer with a deep understanding of blockchain technology, cryptocurrency markets and digital finance. He is passionate about making complex topics accessible and helping readers navigate the rapidly evolving world of crypto.
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