21Shares has launched the first-ever leveraged SUI ETF, TXXS, on Nasdaq. This launch follows approval from the U.S. Securities and Exchange Commission (SEC). As one of the world's largest issuers of cryptocurrency exchange-traded products (ETPs), 21Shares aims to provide investors with a regulated and listed vehicle that offers double direct exposure to SUI’s performance without requiring direct ownership of the underlying asset.
This ETF represents the first product tied to the Sui ecosystem and is among a select few of its kind across all blockchain networks. TXXS provides investors with leveraged exposure to Sui through a familiar and regulated ETF structure, addressing investor interest in capitalizing on the industry's shift towards fast, secure, and scalable decentralized applications, which Sui facilitates with its seamless user experience.
The launch also comes after news of 21Shares' proposed spot SUI ETF, which is currently under SEC review. This new ETF offers U.S.-based investors an additional way to engage with the Sui ecosystem as broader access continues to develop.
Increased Momentum for Sui-Based Financial Products
The introduction of this new ETF coincides with a surge in institutional interest in Sui. Asset managers and financial firms are increasingly seeking to build products on a high-performance chain known for its 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. 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.
- Evan Cheng, Co-Founder and CEO of Mysten Labs
21Shares has established itself as a pioneer in crypto ETFs globally. This leveraged vehicle highlights the firm's dedication to expanding the investment tools available for those seeking responsive, on-chain-aligned exposure to the next generation 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. With this launch, 21shares is capitalizing on 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.
- Russell Barlow, CEO of 21Shares
Sui: Designed for Performance and Adoption
Sui's distinctive architecture provides horizontal scalability and an object-centric programming model that supports a diverse range of applications, spanning finance, gaming, and AI. Its speed, low latency, and user-focused design have positioned it as the foundation for numerous on-chain investment products launched over the past year.
Sui has seen rapid growth of institutional adoption in the U.S., with enterprise-grade stablecoins like the US Treasury-backed USDY already integrated on Sui. 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.
- Federico Brokate, Global Head of Business Development at 21Shares
Sui currently holds the 12th position in terms of total value locked (TVL), with over $990 million in assets and a growing base of institutional participation.
This launch contributes to 21Shares' expanding portfolio of crypto-first investment products and significantly broadens Sui's presence as a next-generation financial layer for the decentralized economy.
For more information about Sui and its ecosystem, visit sui.io.
About 21Shares
21Shares is a leading global provider of cryptocurrency exchange-traded products (ETPs) and offers one of the most extensive suites of crypto ETPs available in the market. The company was founded with the objective of making cryptocurrencies more accessible to investors and bridging the gap between traditional finance and decentralized finance. 21Shares listed the world's first physically-backed crypto ETP in 2018, accumulating seven years of experience in creating crypto ETPs listed on major, highly liquid securities exchanges worldwide. Supported by a dedicated research team, proprietary technology, and extensive capital markets expertise, 21Shares delivers innovative, straightforward, and cost-effective investment solutions.
21Shares operates as a subsidiary of FalconX, a prominent global digital asset prime broker. While maintaining independent operations, 21Shares strategically leverages FalconX's resources and reach to accelerate its mission and drive new growth. Further details can be found at www.21shares.com.
About Sui
Sui is a pioneering Layer 1 blockchain and smart contract platform engineered from the ground up to ensure digital asset ownership is fast, private, secure, and universally accessible. Its object-centric model, powered by the Move programming language, facilitates parallel execution, sub-second finality, and the creation of rich on-chain assets. With horizontally scalable processing and storage capabilities, Sui supports a wide array of applications with unparalleled speed and low costs. Sui represents a significant advancement in blockchain technology, serving as a platform for creators and developers to build exceptional user-friendly experiences. For more information about Sui, please visit https://sui.io.