Sui (SUI) ticks higher by 6% at press time on Friday, as the broader cryptocurrency market recovers. Bitwise filed an official application to the US Securities and Exchange Commission (SEC) to list a SUI-focused Exchange Traded Fund (ETF) on Thursday.
Bitcoin (BTC) is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.
Bitcoin (BTC) continues its price correction, trading below $86,000 at the time of writing on Tuesday, marking its fifth consecutive day of decline. Mixed sentiment is seen among institutional investors, as Spot Bitcoin Exchange Traded Funds record outflows while Strategy adds BTC to its reserves.