First Sui-Based ETF Approved: 21Shares Launches 2x Leveraged SUI ETF (TXXS) on Nasdaq

2025-12-05 05:27:59

The U.S. crypto ETF market just hit another milestone: on Thursday, December 4, 2025, the 21Shares 2x SUI ETF (ticker: TXXS) became the first-ever exchange-traded fund tracking the Sui blockchain’s native token, officially listing on Nasdaq and bringing the total number of crypto ETFs launched in 2025 to 74(128 overall, according to Bloomberg data).

This leveraged ETF is designed to deliver 200% of the daily performance of SUI before fees and expenses, giving U.S. investors regulated, amplified exposure to one of the fastest-growing Layer-1 ecosystems without needing wallets, seed phrases, or direct on-chain transactions.

(Sources: X)

Key Details of the 21Shares 2x SUI ETF (TXXS)

Feature	Details
Ticker	TXXS
Underlying Asset	Sui (SUI) token
Leverage	2x daily (200% of SUI’s performance)
Exchange	Nasdaq
Launch Date	December 4, 2025
Issuer	21Shares (Switzerland-based, one of the largest crypto ETP providers globally)
2025 Crypto ETF Count	74th crypto ETF launched this year
Total Crypto ETFs (all-time)	128th

Why This ETF Matters in the 2025 Bull Market

First-mover advantage: No other U.S.-listed ETF currently offers direct or leveraged exposure to Sui, instantly making TXXS the easiest regulated way for institutions and retail traders to gain 2x upside (or downside) to SUI price movements.
Sui’s breakout year: The Sui network has emerged as a top-10 Layer-1 by TVL in 2025, driven by record DeFi volume, gaming adoption, and institutional integrations (including recent New York licensing expansions).
Leverage demand is surging: After the massive success of 2x Bitcoin and Ethereum ETFs earlier this year, investors have been aggressively rotating into leveraged single-asset ETFs for higher-conviction Layer-1 plays.

Statement from 21Shares CEO Russell Barlow

“Widespread adoption of digital assets hinges on the market’s ability to offer consumers uncomplicated applications of the technology, and investors are eager to jump on products that seek to amplify those investment returns. 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.”

What’s Next for Crypto ETFs?

With the TXXS approval, the floodgates are now officially open for single-asset leveraged Layer-1 ETFs. Industry sources indicate filings for 2x versions of Solana, Avalanche, and near-protocol tokens are already in SEC review queues, with decisions expected before Q1 2026.

For U.S. investors, the message is clear: you no longer need a wallet or offshore exchange to get leveraged exposure to the hottest Layer-1 networks — just a regular brokerage account and a ticker.

The era of the Layer-1 ETF has officially begun, and Sui just claimed first-mover status.

SUI-1.98%

BTC-1.21%

ETH-1.47%

SOL-4.22%

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