SUI Shows Recovery Momentum as Bitwise Files for SUI ETF, Signaling Institutional Adoption
Sui (SUI) has entered a phase of price stabilization after enduring prolonged market pressure, with renewed institutional interest and technological progress driving attention toward the token. Trading at $1.44 with a 0.35% daily gain, SUI's 24-hour volume reached $637.32 million, while its market cap stood at $5.40 billion.
The catalyst for this shift appears to be Bitwise Asset Management's filing for a SUI-focused exchange-traded fund in the U.S., signaling growing institutional recognition. While regulatory approval remains uncertain, the MOVE positions SUI among a select group of digital assets gaining traction in traditional finance.
Technical indicators now suggest potential for a sustained rebound, marking what could become a pivotal chapter in SUI's market trajectory.
