According to @CryptoMichNL, the SUI ecosystem has led recent rebounds with SUI up 36% and WAL up 29% from the local bottom, highlighting relative strength for momentum traders (source: @CryptoMichNL on X). According to @CryptoMichNL, Walrus Protocol (WAL) is now listed on Kraken for US and Canadian users, potentially widening access and liquidity for the SUI ecosystem (source: @CryptoMichNL on X). According to @CryptoMichNL, the SEC has approved a first-ever 2x leveraged SUI ETF that is live on Nasdaq, which he views as a new catalyst for flows into SUI-linked exposure (source: @CryptoMichNL on X). According to @CryptoMichNL, the market structure shows a strong bounce and he plans to look for a new higher low after an early-December liquidity sweep, implying a buy-the-dip strategy within an emerging uptrend (source: @CryptoMichNL on X).

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.