According to the source, 21Shares launched a 2x leveraged SUI ETF trading on Nasdaq under ticker TXXS, providing exchange-based leveraged exposure to SUI’s daily moves, source: the source. Leveraged ETFs target 2x the daily return and can diverge from multi-day performance due to compounding and volatility decay, making them suitable for short-term trading rather than buy-and-hold, source: U.S. SEC Investor Bulletin on Leveraged and Inverse ETFs. Traders should anticipate amplified intraday volatility, daily reset and rebalancing characteristics, and higher expenses and potential tracking differences typical of leveraged ETFs, source: U.S. SEC Investor Bulletin on Leveraged and Inverse ETFs.

According to @EricBalchunas, 21Shares has launched a 2x SUI ETF, marking the first ETF tied to SUI. The first product being leveraged is rare and was also the case for XRP, per @EricBalchunas. This marks the 74th crypto ETF launched this year and the 128th overall, per @EricBalchunas. He expects another 80 crypto ETFs to launch in the next 12 months, per @EricBalchunas.