The U.S. Securities and Exchange Commission (SEC) has recently approved the first leveraged SUI ETF launched by 21Shares, which is now listed on Nasdaq under the ticker TXXS. This product provides U.S. investors with a new way to gain 2x daily exposure to SUI through traditional brokerage accounts without directly purchasing crypto assets.
TXXS uses swaps and other derivatives to track SUI’s daily performance: if SUI rises 10% in a single day, the targeted return is about 20%; if it falls, the loss is also magnified twofold. Notably, the fund does not hold actual SUI tokens and relies entirely on derivative structures. The SEC had previously cautioned the market in October about the risks of highly leveraged crypto ETFs (3x, 5x, etc.), and this week issued a risk alert to issuers, underscoring its cautious regulatory stance toward leveraged products.
Meanwhile, on-chain activity on the Sui Network continues to strengthen. Over the past three months, its daily transaction volume has grown by 28.2%, outpacing leading blockchains such as Polygon, Arbitrum, and Aptos. Transaction volumes for Aptos and Near declined during the same period, while Sui expanded against the trend, indicating an increase in ecosystem users and on-chain activity.
In terms of price, SUI has risen about 8% over the past week and is currently trading around $1.67. Technical indicators are bullish: the Chaikin Money Flow (CMF) stands at 0.09, showing buying inflows; the MACD has turned positive with the fast line above the slow line. Key resistance levels are at $1.80 and $2.00—if broken, this could open the way for a move up to $2.20. Support is found at $1.60 and $1.50.
With TXXS now listed, U.S. investors can, for the first time, gain leveraged SUI exposure through a regulated financial product. This also reflects the growing interest in blockchain infrastructure tokens and crypto ETFs in the U.S. market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tom Lee: The market is showing signs of forming a bottom; Ethereum, BMNR, and Bitcoin are recommended.
Gate News message, April 10, renowned market analyst Tom Lee posted that there are increasing signs the market bottom has already formed, even though the overall market still generally remains skeptical. Tom Lee suggested that for investors who are still skeptical, they could consider buying assets that performed ahead during the U.S.-Iran war. He pointed out that Ethereum and BMNR are among his top picks, and Bitcoin is also included among the recommendations. Tom Lee believes that crypto assets have already proven themselves to be a store of value during wartime.
GateNews15m ago
SHIB Slumps 93% From ATH as Bulls Struggle to Regain Control
SHIB price fell 93% from its all-time high, losing most of its previous momentum.
Holder growth continues, with new wallets joining despite weak market conditions.
Bulls are struggling to regain control, but on-chain signals suggest potential long-term recovery.
Shiba Inu once captured m
CryptoNewsLand47m ago
Gold and silver are rising, while BVIX and EVIX are down more than 1%
On April 10, the precious metals market was strong: gold rose to $4,773.60 per ounce, and silver rose to $76.364 per ounce. In the crypto market, volatility eased, the FX market saw the U.S. dollar weaken versus the Chinese yuan, and global equity indexes rose. In commodities, WTI crude oil rose while Brent crude oil fell. The Gate platform supports trading a variety of financial assets.
GateNews1h ago
PEPE on the Edge: Will ETF Momentum Push Prices Higher?
ETF filing boosted PEPE sentiment, but confirmation remains uncertain.
Price compresses near support, signaling a possible breakout soon.
Resistance levels must break to confirm bullish momentum.
PepeCoin — PEPE, has returned to center stage after fresh ETF chatter shook the market.
CryptoNewsLand2h ago
Crypto Sector Wavers As Geopolitical Tensions Influence Market Performance
The crypto market has seen a 1.14% decline, with Bitcoin and Ethereum experiencing slight gains. Top gainers include PEPE and IRISnet. DeFi TVL increased, while NFT sales dropped. Notable events include xAI suing Colorado and South Korea tightening crypto regulations.
BlockChainReporter2h ago
U.S. March CPI data is about to be released: market expectations and analysis of crypto capital flows
Analyze market expectations before the release of the U.S. March CPI data, divergences in the inflation structure, and the potential transmission pathways to crypto assets’ risk appetite.
InstantTrends4h ago
