The Sui crypto spot exchange-traded fund (ETF) made its debut on February 18, joining a growing list of altcoin ETFs in the US market. According to recent data, the combined day-one turnover for the two Sui crypto ETFs listed on Nasdaq and Cboe BZX was approximately $147,000.
The launch of the Sui crypto ETF follows a wave of altcoin ETFs that began in late October 2025. Many issuers have taken advantage of the shift towards generic listing standards for spot commodity and crypto ETPs, reducing friction compared to the case-by-case approval process.
However, the Sui crypto debut exposed a liquidity gap as product supply outpaced trading demand. The issue is not unique to the Sui crypto ETF, but rather a broader problem facing the altcoin ETF market. Despite the challenges, issuers continue to launch new products in hopes of capturing market share and attracting investors.