- Sui token launches ETF on Nasdaq with 21Shares.
- First ETF linked to the Sui ecosystem.
- Increased leverage exposure for investors through ETF.
The 21Shares 2x SUI ETF (TXXS) debuted on Nasdaq, offering investors 2x daily exposure to the Sui token, marking the first ETF tied to the Sui ecosystem.
This launch reflects rising institutional and retail interest in Sui, enhancing its presence in capital markets with SEC-backed security and strategic leverage opportunities for investors.
The recent listing of the 21Shares 2x SUI ETF (TXXS) on Nasdaq offers 2x daily exposure to the Sui token. This marks the first ETF tied to the Sui ecosystem and provides a new vehicle for leveraged exposure.
Issued by 21Shares US LLC, the ETF reflects growing institutional and retail interest. Evan Cheng, CEO of Mysten Labs, highlighted the listing as a reflection of Sui’s increasing role in capital markets and U.S. regulatory clarity.
The ETF seeks to deliver 200% of the daily SUI performance using derivatives within a regulated ETF structure. It targets traders interested in short-term gains rather than long-term investments, emphasizing a transparent leverage structure.
The leveraged product does not directly hold SUI but achieves its target via derivatives. Official materials disclose an annual fee of 1.89% and emphasize the ETF’s capacity for enhanced investor returns.
Institutional Engagement and Regulatory Clarity
Positioned as a milestone for institutional engagement, the ETF launch signals expanding financial footprint and increased market confidence. It complements 21Shares’ earlier spot SUI ETF filing, still under SEC review, illustrating a multifaceted strategy.
The addition of a U.S. Treasury-backed stablecoin integration highlights growing trust and institutional adoption. This launch may prompt further regulatory clarity and inspire similar market offerings, strengthening Sui’s position in the cryptocurrency space.
Quotes on the Launch
Evan Cheng, Co-Founder and CEO, Mysten Labs, commented, “The arrival of a 2x leveraged SUI ETF reflects growing institutional and retail demand to engage with Sui in more dynamic ways and that seeing TXXS listed on Nasdaq is a vote of confidence in Sui’s long-term role in capital markets and in clearer U.S. regulation enabling such products.”
