SEC Approves First-Ever 2x Leveraged SUI ETF

TLDR:

• SEC approves TXXS, the first-ever 2x leveraged SUI ETF on Nasdaq for regulated access.

• SUI daily transactions rose 28.2%, surpassing Polygon, Arbitrum, and Aptos recently.

• TXXS provides amplified exposure without requiring investors to hold underlying SUI tokens.

• Analysts note a break above $1.81 could open the path toward the $2 SUI price region.

SEC approves first-ever 2x leveraged SUI ETF as 21shares receives approval to launch TXXS on Nasdaq. 

The new product gives investors regulated access to double the daily performance of SUI without holding the underlying asset. The approval arrives during a period of rising institutional interest in high-performance blockchain networks.

The listing follows steady growth across the Sui ecosystem. Daily transactions increased by 28.2% over the last three months, placing Sui ahead of Polygon, Arbitrum, and Aptos during the same period. The introduction of TXXS offers investors a structured path to engage with this expanding activity.

Regulated Access Follows Rising Institutional Demand

With the SEC approval, TXXS becomes the first-ever leveraged ETF tied to the Sui ecosystem. 

The product aims to deliver double exposure to SUI’s daily performance through a familiar ETF structure. Its appearance on Nasdaq expands the range of regulated digital asset products available to both retail and institutional investors.

Mysten Labs Co-Founder and CEO Evan Cheng welcomed the development.

 He stated, “The arrival of a 2x leveraged SUI ETF reflects growing demand from both institutional and retail investors to engage with Sui in more dynamic ways.” He added that the Nasdaq listing is “a vote of confidence in Sui’s long-term role in capital markets.”

The leveraged ETF also enters the market as 21shares awaits review of its proposed spot SUI ETF. 

While the process continues, TXXS gives U.S. investors an immediate tool for structured exposure. The launch aligns with broader interest in products connected to networks offering strong scalability and composability. 21shares CEO Russell Barlow commented on the growing appetite for accessible investment vehicles.

 He said, “Widespread adoption of digital assets hinges on the market’s ability to offer consumers uncomplicated applications of the technology.” He explained that investors want amplified exposure, noting, “TXXS serves as a leveraged product providing investors with that access to the drivers of the future of the industry with amplified performance.”

SUI Market Activity Builds as Traders Watch Key Levels

The approval of the 2x leveraged SUI ETF coincides with renewed strength in SUI market activity.

Analyst Daan Crypto Trades noted that the asset recovered after forming a higher low and retracing the early-December decline. The token now trades near a resistance zone with the 4H 200MA and EMA positioned above current levels.

He remarked that a break above $1.81 may open a move toward the $2 region.

In addition, he acknowledged the timing of the ETF launch, stating that it “gives traders more ways to speculate on it,” while urging caution due to potential volatility in leveraged products.

Sui’s rising activity continues to attract developers and investors seeking scalable infrastructure.

The increase in daily transactions reinforces the network’s momentum at a time when new market tools are emerging. With the SEC approval now in place, TXXS provides regulated leveraged exposure for participants responding to the network’s expanding activity.

Investors now have a direct way to access amplified performance through the first-ever 2x leveraged SUI ETF, marking a new phase for Sui in the broader digital asset landscape.

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Source: https://blockonomi.com/sec-approves-first-ever-2x-leveraged-sui-etf/