- 21Shares launches first leveraged Sui Token ETF on Nasdaq exchange.
- New ETF offers 200% daily return on Sui cryptocurrency investment.
- Crypto-focused ETFs continue to rise, with TXXS marking significant milestone.
21Shares, the Switzerland-based ETF issuer, has introduced the first leveraged exchange-traded product (ETP) linked to Sui (SUI) in the U.S. The 21Shares 2x Sui ETF (TXXS) is now available for trading on Nasdaq. This product is designed to offer investors 200% of the daily return of the Sui token, making it a leveraged option for those looking to amplify their investment in the cryptocurrency.
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Strategic Move to Meet Growing Crypto Investment Demand
The launch underscores the growing demand for cryptocurrency-based investment products in the market. According to Russell Barlow, CEO of 21Shares, the product aims to cater to investors looking to capitalize on the potential of digital assets. He emphasized, “Widespread adoption of digital assets hinges on the market’s ability to offer consumers uncomplicated applications of the technology, and investors are eager to jump on products that seek to amplify those investment returns.”
Sui is a decentralized cryptocurrency built on the Ethereum blockchain, using a proof-of-stake consensus mechanism. It facilitates peer-to-peer transactions, enhancing transparency and removing intermediaries. The token is utilized for transaction fees, staking, and network governance. In recent months, Sui has achieved significant milestones, surpassing $10 billion in 30-day decentralized exchange (DEX) volume and processing over $180 billion in stablecoin transfers.
Leveraged ETFs Gain Popularity Despite Regulatory Scrutiny
21Shares has also filed with the SEC for a spot Sui ETF, which could add to their expanding portfolio of crypto-related investment products. The firm has partnered with Sui to foster collaboration on research and product development, signaling its commitment to the cryptocurrency sector’s growth.
Leveraged ETFs, such as the TXXS, are typically high-risk, short-term products designed for experienced traders. Despite their volatility, these products have become increasingly popular in the crypto space. The 21Shares 2x Sui ETF marks the 74th crypto ETF launched in 2025, with many more expected in the future.
Although the SEC has been cautious about approving highly leveraged products like 3x or 5x ETFs, the TXXS was given the green light, suggesting a possible shift in regulatory stance towards crypto-focused investment vehicles. This launch highlights the continuous evolution of the cryptocurrency investment landscape, with more leveraged and innovative products likely to emerge.
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