Overview
- 21Shares received SEC clearance for a leveraged exchange-traded fund tied to Sui that will trade on Nasdaq under the ticker TXXS.
- The fund seeks twice the daily performance of Sui by using derivatives within a standard ETF structure accessible through traditional brokerages.
- Nasdaq said it received the Form 8-A 12(b) registration for the ETF and certified it for listing upon the official notice of issuance.
- The approval establishes the first leveraged exposure to Sui available to U.S. investors.
- Mysten Labs CEO Evan Cheng welcomed the listing as a vote of confidence in Sui, while 21Shares continues to pursue a spot SUI ETF that remains under SEC review.