21Shares Launches First Leveraged Sui ETF on Nasdaq: What Is the Market Impact?

21Shares, a leading provider of exchange-traded funds (ETFs), recently introduced the first-ever leveraged Sui ETF, setting a new milestone in the world of exchange-traded products (ETPs). The product, listed on Nasdaq and traded under the ticker TXXS, went live on December 4, 2025. The ETF provides investors with twice the daily exposure to the SUI token, the native token of the Sui blockchain. The goal of this ETF is to allow traders to participate in SUI’s price performance without having to own it.

What is TXXS? A New Era for SUI Exposure

The TXXS ETF is a leveraged exchange-traded fund (ETF) that tracks twice the daily performance of SUI. It was approved by the U.S. Securities and Exchange Commission (SEC) to offer investors another exposure option into the fast-growing Sui blockchain. As of press time, SUI is trading at $1.61 with a minor loss of 1.2% over 24 hours.

Chart 1: SUI Live Price, published on CoinMarketCap, December 5th, 2025.

According to the closing report of the company on the launch day, TXXS closed on its first trading day at $24.57, while the total trading volume was 4,088 shares. This indicates strong early performance and interest from the market in the new fund. Data from Market Chameleon also shows that TXXS recorded no gains or losses on Thursday, reflecting the product’s stability so far.

Sui Blockchain: A Rising Star in Crypto

The Sui blockchain, the foundation of the SUI token, has been receiving a lot of attention lately. With a current TVL of over $976 million, it is evident that Sui ecosystem is still on the rise. With it’s differentiating factors, such as speed and user-centric features, Sui has been getting high praise from experts and crypto investors. Russell Barlow, CEO at 21Shares, also notes that Sui’s simple and innovative technology sets it apart. “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” Barlow said.

Institutional Demand and Nasdaq’s Confidence

The launch of TXXS is timely as Sui has seen growing institutional demand recently. Evan Cheng, CEO of Mysten Labs, the founding contributor of Sui, noted that Nasdaq’s listing of TXXS is a milestone for 21Shares, but also a “vote of confidence” of the increasing institutional demand for Sui-based products. The move also indicated the growing market interest in blockchain technology and the demand for more digital asset trading choices, including SUI.

Conclusion: A Bright Future for Sui ETFs

The launch of TXXS, a Sui ETF leveraged by Sui, is another major milestone in Sui’s path to the mainstream adoption. 21Shares has created a new opportunity for retail and institutional investors to access the Sui blockchain by providing leveraged exposure to SUI. If demand for SUI increases further in the future, ETFs like TXXS could become a staple in the crypto investment landscape.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.