21Shares Launches the First 2x Leveraged SUI ETF on Nasdaq

21Shares has officially launched the first-ever 2x leveraged ETF for SUI, trading under the ticker TXXS on Nasdaq. The product was approved on Thursday, becoming the 74th crypto ETF introduced this year alone and the 128th crypto ETF currently on the market. Designed as a 2x leveraged product, TXXS aims to deliver twice the daily price movement of SUI, offering traders amplified exposure through traditional financial markets.

According to 21Shares, demand continues to surge for products that simplify access to digital assets, especially those tied to fast-growing ecosystems. Sui, a high-performance Proof-of-Stake blockchain, has recorded over $10 billion in 30-day DEX volume and processed more than $180 billion in stablecoin transfers for four consecutive months, positioning it as one of the quickest-expanding networks in crypto today.

Prior to this launch, 21Shares had already filed for a spot SUI ETF with the SEC in May and announced a strategic partnership with the Sui ecosystem. The debut of TXXS also comes as the SEC recently blocked proposals for 3x and 5x leveraged crypto ETFs, effectively capping leverage at 2x to limit systemic risk.

This move follows 21Shares’ recent acquisition by FalconX, as well as its previous rollout of a leveraged Dogecoin ETF. Bloomberg analyst Eric Balchunas now predicts that around 80 additional crypto ETFs could launch within the next 12 months, signaling accelerating institutional adoption.

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