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SUI Price Rebounds After Bitwise Files S-1 for Spot SUI ETF

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SUI
$1.42241.79%
SUI price rose over 4.5% from monthly lows after Bitwise filed a Form S-1 with the SEC for a spot SUI ETF. The application, submitted Thursday, seeks approval for the 'Bitwise Sui ETF,' which tracks the token launch of Sui’s native asset. The SEC usually comments within 30 days, with a potential approval in as few as 75 days. 21Shares and Grayscale also filed for SUI ETFs, with 21Shares’ application due for a decision by December 21. A leveraged SUI ETF from 21Shares launched on Nasdaq in early December.
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