Bitwise Files Spot SUI ETF With SEC, Offering Direct Exposure and Staking Yield to Tap a $5B Token Market
Key Takeaways:Bitwise Pushes SUI Into the Spot ETF RaceETF Structure Mirrors Institutional Crypto StandardsHow Pricing and Liquidity WorkStaking Adds a Yield Layer to the ETFA Key Differentiator for the Bitwise SUI ETF
The Bitwise proposal also incorporates staking as a second goal as opposed to many spot crypto ETFs. The trust plans to pledge a significant part of its hold in SUI with the help of the chosen validators, getting extra SUI rewards in the long run. These staking rewards would elevate the net assets of the trust and this may add returns to the shareholders. Nevertheless, there are also certain risks, arising due to staking, such as the underperformance of validators and the liquidity limitations that can appear during lock-up periods. Bitwise says that staking decisions will not be discretionary or dependent on the time of the market to prevent the impression of trading or running business. The trust will reveal the daily percentage of the assets staked which will add to the transparency of the investors. Read More: Bitwise XRP ETF Sets Official NYSE Trading Launch Dates, Marking Major Milestone for XRP AccessAbout Author
