First 2x Leveraged SUI ETF Debuts on Nasdaq After SEC Approval

21Shares launched the first 2x leveraged SUI ETF (TXXS) on Nasdaq after SEC approval, offering amplified exposure to Sui’s price. The ETF targets experienced traders and marks a milestone for regulated crypto investment.

21Shares has launched the first 2x leveraged SUI ETF (TXXS) on Nasdaq, following approval by the U.S. Securities and Exchange Commission. This ETF is the first exchange-traded product in the U.S. to track the price of Sui, a decentralized cryptocurrency built on the Ethereum blockchain. TXXS is designed to provide investors with twice the daily performance of the Sui token, offering amplified exposure without direct ownership of the asset. The ETF’s approval expands regulated access to Sui, catering to growing institutional and investor demand for structured, compliant digital asset products. Sui’s network has seen significant growth, with a 28.2% increase in daily transactions over three months, over $990 million in deployed assets, and high throughput capabilities. The ETF’s leveraged structure is intended for experienced traders seeking short-term gains, as it utilizes derivatives to amplify returns. The SEC’s decision to approve TXXS, while pausing other leveraged ETF proposals, highlights the unique regulatory environment for crypto-based investment products and marks a milestone for Sui’s integration into traditional capital markets.