21shares Lists 2x Leveraged SUI ETF (TXXS) on Nasdaq

21shares today launched the first-ever leveraged SUI ETF (TXXS) on Nasdaq following approval from the U.S. Securities and Exchange Commission (SEC).

21shares, one of the world’s largest issuers of cryptocurrency exchange-traded products (ETPs), will offer investors a regulated and listed vehicle that aims to provide double direct exposure to SUI’s performance without directly holding the underlying asset.

This marks the first ETF tied to the Sui ecosystem and one of the few of its kind across all blockchains networks. TXXS offers investors leveraged exposure to Sui through a familiar, regulated ETF structure, meeting investor interest in capitalizing on the industry’s shift towards fast, secure, and scalable decentralized applications with Sui’s seamless user experience.

This launch also follows news of 21shares’ proposed spot SUI ETF, currently under SEC review, and offers U.S.-based investors an additional avenue to engage with the Sui ecosystem while broader access continues to develop.

More momentum for Sui-based financial products

The new ETF follows a surge in institutional interest in Sui, as asset managers and financial firms increasingly seek to build products on a high-performance chain with unmatched scalability and composability. 

“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,” said Evan Cheng, Co-Founder and CEO of Mysten Labs, the original contributor to Sui. “Seeing TXXS listed on Nasdaq is a vote of confidence in Sui’s long-term role in capital markets, and reflects how enhanced U.S. regulatory clarity can help bring new structured investment products to life.”

21shares has been a pioneer in crypto ETFs globally, and this leveraged vehicle underscores the firm’s commitment to expanding the toolkit for investors who want responsive, onchain-aligned exposure to the next wave of digital assets.

“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 amplify those investment returns,” said Russell Barlow, CEO of 21shares. “With this launch, 21shares is capitalizing one of the winners rising to the occasion and ushering in the next era of blockchain technology – one dominated by simplicity. TXXS serves as a leveraged product providing investors with that access to the drivers of the future of the industry with amplified performance.”

Sui: Built for performance and adoption

Sui’s unique architecture offers horizontal scalability and an object-centric programming model that supports a wide range of applications from finance to gaming to AI. Its speed, low latency, and user-focused design have made it the foundation for dozens of onchain investment products launched in the past year.

“Sui has seen a rapid growth of institutional adoption in the U.S., with enterprise-grade stablecoins like the US Treasury-backed USDY already integrated on Sui,” said Federico Brokate, Global Head of Business Development at 21shares. “We’re excited about what the technology will mean for widespread adoption of crypto assets, and this launch gives investors the ability to maximize returns, leveraging positions in a transparent way.”

Sui currently ranks 12th by total value locked (TVL) with over $990M in assets and a growing base of institutional participation.

The launch adds to a growing set of crypto-first investment products from 21shares and aggressively expands Sui’s footprint as a next-generation financial layer for the decentralized economy.

Note: This content is for general educational and informational purposes only and should not be construed or relied upon as an endorsement or recommendation to buy, sell, or hold any asset, investment or financial product and does not constitute financial, legal, or tax advice.