Nasdaq has listed the first-ever leveraged Sui ETF in the United States as 21Shares introduces the 2x Long SUI ETF following clearance from the SEC.
Key Takeaways
- 21Shares has launched the first leveraged Sui ETF in the US, providing 2x daily exposure to the SUI token via the Nasdaq under the ticker TXXS.
- The SEC granted automatic approval through a Form 8-A filing, signaling rising acceptance of structured crypto products.
- The ETF charges a management fee of 1.89% and is designed for daily trading, not long-term performance.
- A separate spot SUI ETF is still under review, as 21Shares continues to pursue broader institutional access.
What Happened?
21Shares, a major issuer of crypto exchange-traded products, received approval from the US Securities and Exchange Commission (SEC) to launch the 21Shares 2x Long SUI ETF (TXXS) on the Nasdaq. This new product offers leveraged exposure to the price movements of the Sui blockchain’s native token, SUI, providing twice the daily performance through a regulated investment vehicle. The ETF is now officially trading and has become the first leveraged Sui product in the US market.
The SEC has approved the first-ever 2x leveraged SUI ETF (TXXS), live on Nasdaq via @21shares_us.
— Sui (@SuiNetwork) December 4, 2025
A first for Sui in public markets – offering amplified, regulated exposure to SUI.
A new chapter for Sui investing begins. pic.twitter.com/y6h4gqMlnP
First Leveraged Sui ETF Hits US Markets
The launch of TXXS marks a major step in crypto-financial innovation in the US. The ETF uses derivatives to provide 200% of SUI’s daily performance, giving retail and institutional investors the opportunity to access amplified returns through a familiar and regulated product structure.
- TXXS trades under Nasdaq and was approved via an 8-A registration filing, which went into effect automatically.
- It follows a pattern similar to 21Shares’ previous leveraged Dogecoin ETF, TXXD, which launched in November.
- The ETF does not aim to maintain 2x performance beyond a single day, meaning it’s not intended for long-term holding.
This fund offers a way for investors to speculate on SUI’s short-term price movements without using risky unregulated derivatives platforms.
Sui Ecosystem Grows With Market Support
The listing is a major milestone for the Sui blockchain, a Layer 1 platform developed by Mysten Labs, which was founded by former Meta Libra engineers. The project uses the Move programming language and focuses on high transaction throughput and developer scalability.
- Sui’s market capitalization is currently over $6 billion.
- The token saw a 3% price jump after the ETF news, with some analysts forecasting a possible rally to $2.
- Market chatter and sentiment on platforms like Stocktwits were marked as “bullish” following the listing.
Evan Cheng, co-founder and CEO of Mysten Labs, welcomed the listing, stating that it represents a growing confidence in the long-term viability of the Sui ecosystem and how regulatory clarity can help boost innovation.
Spot SUI ETF Still in Pipeline
While the leveraged ETF is now live, 21Shares has also filed for a spot SUI ETF back in May, which is still under SEC review. If approved, that product would provide direct exposure to SUI tokens, held in custody by Coinbase, and target longer-term, institutional investors.
There is also mention of a strategic partnership between 21Shares and the Sui network, involving product development, research, and ecosystem collaborations. Another firm, Canary Capital, has also filed for a spot SUI ETF, signaling growing institutional interest in the Sui blockchain.
CoinLaw’s Takeaway
In my experience watching crypto ETF markets evolve, this kind of launch is a clear sign that regulators are becoming more comfortable with complex crypto exposure. What’s striking here is how 21Shares keeps pushing boundaries by delivering first-of-their-kind products like this Sui ETF. I found it particularly noteworthy that despite all the regulatory scrutiny surrounding crypto leverage, the SEC still moved forward with this approval. That tells me there’s room for innovation as long as it’s packaged inside familiar, compliant vehicles. If you’re a trader, TXXS is an exciting tool. If you’re a long-term investor, it’s another sign the ecosystem is maturing fast.
