Bitwise Submits 11 Altcoin ETF Proposals: SUI Eyes Critical Technical Levels

Multiple Altcoins Enter ETF Pipeline

Bitwise has moved forward with an ambitious expansion strategy, submitting 11 new cryptocurrency-focused exchange-traded fund proposals to U.S. regulators in late December. The application batch targets prominent altcoins including Sui (SUI), Zcash (ZEC), Bittensor (TAO), Aave (AAVE), Uniswap (UNI), Starknet, NEAR, Hyperliquid (HYPE), Ethena, TRON, and Canton.

The proposed structure allocates 60% of assets directly to the underlying cryptocurrencies, with the remaining 40% invested in cryptocurrency-linked exchange-traded products. Derivatives can be layered to fine-tune portfolio exposure, creating a framework that aligns with existing regulatory precedent. If approved, these funds are expected to launch on March 16, 2026.

This filing wave follows Bitwise’s successful rollout of spot ETFs for Solana in October and XRP/Dogecoin in November, signaling the firm’s commitment to broadening institutional access to digital assets beyond Bitcoin and Ethereum.

SUI Price Structure Holds Key Support Level

While regulatory processes unfold, technical analysts have zeroed in on Sui’s current price dynamics. SUI is trading near $1.67 (as of early January 2026), holding support around the 0.786 Fibonacci retracement level on the weekly timeframe—historically associated with cycle bottoms.

Market observers characterize this consolidation phase as accumulation-driven rather than capitulative. The cryptocurrency’s historical all-time high of $5.37 provides a reference point for potential upside scenarios. Despite recent price weakness, fundamentals show resilience: total value locked approaches $1 billion, application deployment continues expanding, and major exchange listings (Robinhood and Coinbase enabled SUI trading recently) have broadened market access.

Weekly momentum indicators present a mixed picture. While RSI remains elevated compared to previous market lows, the growing gap between on-chain metrics and price suggests potential disconnection—potentially favoring longer-term accumulation strategies.

Altcoin Technical Targets and Market Outlook

Technical analysts identify upside resistance zones at $4.77, $5.59, and $6.47 for SUI if current support levels hold. Though no immediate breakout has been confirmed, the base shows stability worthy of monitoring.

Across the broader altcoin space, Bitwise’s ETF push reflects growing institutional appetite for diversified crypto exposure. Market commentary suggests that regulatory-approved products can remove friction points for traditional investors entering alternative digital assets. The timing aligns with expectations of sustained liquidity in crypto markets through 2026, particularly if macroeconomic conditions remain accommodative.

With multiple altcoins now in the ETF pipeline—including ZEC at $492.43, TAO at $259.90, AAVE at $165.70, and HYPE at $25.92—the potential for regulated investment vehicles to reshape market structure remains significant. Analysts emphasize that general market trends will ultimately determine timing and magnitude of institutional adoption.