## SUI Holding Crucial Support as Major Altcoin ETF Wave Approaches

The crypto market is witnessing accelerating institutional adoption through exchange-traded products. SUI price action has recently become a focal point for technical analysts, with the token currently defending the $1.45 support level—a critical Fibonacci retracement zone (0.786) on the weekly chart that aligns with previous market cycle bottoms. Meanwhile, major asset manager Bitwise is pushing forward with an ambitious expansion that could reshape how investors access diversified altcoin exposure.

## 11 New ETF Products Target Leading Altcoins Including SUI and TAO

On December 30, Bitwise submitted applications to the SEC for 11 cryptocurrency strategy ETFs, targeting assets like AAVE (currently trading at $164.20), Uniswap (UNI at $5.81), Bittensor (TAO at $259.30), ZEC, Starknet (STRK at $0.09), Hyperliquid (HYPE at $26.01), NEAR (at $1.72), TRON (TRX at $0.29), and others.

Each proposed fund would allocate 60% directly to the underlying cryptocurrency, with the remaining 40% channeled into exchange-traded products tracking those same assets. Derivatives can also be utilized to fine-tune exposure levels. This structure mirrors existing regulatory frameworks, suggesting Bitwise's strategy to blend direct crypto exposure with compliant investment vehicles. If approved, these funds are scheduled to launch on March 16, 2026.

## Why SUI's Technical Setup Matters Right Now

Analyst Michael van de Poppe has highlighted that despite SUI's extended weakness on the charts, the fundamental picture tells a different story. Total value locked has grown to approximately $1 billion, while developer activity and application deployments continue expanding. Recent exchange listings—including Robinhood's December addition and Coinbase's New York trading support—have broadened institutional accessibility.

From a technical perspective, Michael van de Poppe and other analysts note that weekly RSI levels remain elevated compared to historical market bottoms, suggesting the gap between price performance and underlying growth metrics has rarely been this pronounced. The $1.45 support zone represents controlled consolidation rather than capitulation, according to community analysis.

Upside targets identified by technical specialists range from $4.77 to $6.47, based on previous resistance zones. While no immediate breakout confirmation exists, analysts emphasize base stability as a constructive foundation. Another observation highlights SUI trading below its 20-day moving average, with a potential reclaim representing the first structural shift since mid-2025.

## Bitwise's Momentum Strategy Reflects Broader Market Trends

Bitwise's filing pace has accelerated following its October launch of the first U.S. spot Solana ETF (SOL trading at $133.89), followed by XRP and Dogecoin ETF products in November. The company previously submitted a full-exposure SUI spot ETF proposal currently under regulatory review. Recent discussions also flagged Hyperliquid as a potential upcoming U.S.-listed product.

Bitwise's Chief Investment Officer suggested Bitcoin may deviate from its traditional four-year cycle, with new highs potentially achievable in 2026 if liquidity conditions remain supportive. Currently, Bitcoin trades at $92.73K, while the broader ETF expansion reflects institutional confidence in regulated altcoin markets entering 2026.