Major regulatory progress in crypto markets: Bitwise has officially submitted an application to the SEC for a Sui (SUI) spot exchange-traded fund. This filing represents another milestone in bringing blockchain-native assets into traditional financial infrastructure. If approved, the SUI ETF would provide institutional and retail investors with regulated exposure to Sui's ecosystem without requiring direct wallet management or custody arrangements. The move underscores growing mainstream financial acceptance of major Layer 1 blockchains beyond Bitcoin and Ethereum. Market participants are watching closely as the SEC continues reviewing multiple digital asset ETF proposals, signaling evolving regulatory frameworks for cryptocurrency products in traditional investment channels.