SEC approves first leveraged Sui ETF as 21Shares prepares launch on Nasdaq
Crypto Briefing
The SEC approved 21Shares' first leveraged 2x Sui ETF, TXXS, which will launch on Nasdaq.Summary
The U.S. Securities and Exchange Commission (SEC) has approved the first leveraged Sui Exchange-Traded Fund (ETF), issued by 21Shares, which is preparing to list the fund on the Nasdaq under the ticker TXXS. This 2x long Sui ETF will provide magnified exposure to the Layer 1 blockchain network utilizing derivatives within a standard ETF structure accessible via traditional brokerage accounts. Mysten Labs Co-Founder and CEO Evan Cheng viewed the approval as a positive signal of regulatory support for new crypto market structures and Sui's long-term role in capital markets, especially given the SEC's recent pause on other leveraged ETF proposals while assessing risks.
(Source：Crypto Briefing)