Institutional adoption of SUI is heating up. Bitwise has submitted a spot SUI ETF application to the SEC, marking a significant move toward bringing direct SUI price exposure to traditional investors. What makes this filing particularly interesting is the proposed yield-generating mechanism—the fund intends to stake SUI holdings, allowing ETF holders to capture additional returns from network participation. This dual-benefit structure (price appreciation plus staking rewards) could reshape how institutional capital flows into Layer-1 blockchains. The move signals growing confidence in SUI's ecosystem maturity and regulatory pathway in the U.S. market.
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