Bitwise has filed an initial registration for an ETF tracking Sui, joining the race to launch with Canary Captial and 21Shares.
Crypto asset manager Bitwise has filed with the US Securities and Exchange Commission to launch an exchange-traded fund tracking the Sui token.
The firm submitted a Form S-1 filing on Thursday to offer the “Bitwise Sui ETF,” initially registering the product with the SEC and taking the first step toward launching the fund.
Bitwise outlined that the fund would track the spot price of Sui (SUI), the native token of the layer 1 blockchain, the Sui Network.
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