21Shares launches first-ever 2× leveraged SUI ETF on Nasdaq

21Shares has launched the first leveraged Sui ETF in the United States, marking a major milestone for the Layer-1 network’s push into regulated financial markets. 

The product, listed on Nasdaq under the ticker TXXS, provides 2x daily leveraged exposure to the price of SUI and represents the first U.S. exchange-traded fund tied to the Sui ecosystem.

The ETF went live following approval from the U.S. Securities and Exchange Commission [SEC]. It gives traders a regulated way to amplify short-term SUI price movements without holding the asset directly. 

While Bitcoin and Ethereum have spot ETFs, Sui’s debut comes in the form of a derivatives-based leveraged ETF — a structure aimed at active traders rather than long-term investors.

A landmark moment for Sui in public markets

TXXS offers double the daily return of SUI’s price performance. If SUI rises 4% in a trading day, the ETF targets an 8% gain — and the same applies in reverse on down days. 

This makes TXXS a high-volatility product suited to short-term positioning, not buy-and-hold strategies.

The Sui Foundation described the launch as a pivotal moment for the network’s maturing financial footprint. 

Executives from Mysten Labs and 21Shares said the ETF reflects growing institutional interest in high-performance chains designed for scalable, consumer-focused applications.

The launch also follows news that 21Shares has filed for a spot SUI ETF, which remains under SEC review.

ETF arrives as SUI trades near multi-month lows

The timing of the ETF adds another layer to the market story. SUI has spent several months in a steady downtrend, sliding from above $3.00 in September to nearly $1.30 in late November. 

A sharp rebound pushed prices back toward the $1.60–$1.70 range, but the chart still shows clear lower highs and lower lows.

Source: TradingView

This backdrop means TXXS launches into a bearish market structure, where volatility can accelerate quickly. 

Leveraged ETFs typically magnify these swings, which could attract speculative flows as traders reposition around the new product.

The ETF’s arrival may also test whether renewed institutional attention can spark momentum after weeks of weakness.

Why TXXS differs from BTC, ETH, and SOL ETFs

Unlike spot ETFs for Bitcoin, Ethereum, Solana, and XRP, TXXS does not hold SUI directly. Instead, it uses derivatives to deliver leveraged daily performance. 

This design facilitates faster approval and reduces custodial complexity, but introduces daily reset effects that can compound gains or losses.

For Sui, however, the significance lies not in the leverage but in the regulatory recognition. A U.S.-listed ETF, even a leveraged one, indicates that issuers and traders perceive significant demand for SUI exposure. 

Final Thoughts

• Sui’s first U.S. ETF listing strengthens its legitimacy among institutional traders and expands its financial-market footprint.
• The leveraged structure signals rising speculative interest, but sustained impact depends on whether SUI can break out of its multi-month downtrend.