21Shares brings first US leveraged Sui ETF to Nasdaq after SEC clearance

TLDR

• The ETF gives 2x daily exposure to Sui through a regulated structure.
• SEC approval makes it the first leveraged Sui product in the US market.
• The fund will trade on Nasdaq under the ticker TXXS.
• 21Shares is still pursuing a spot SUI ETF under SEC review.

Nasdaq is set to list the first leveraged Sui ETF in the United States as 21Shares launches the 2x Long SUI ETF after receiving SEC approval. The new product offers amplified exposure to the Sui network through a regulated market structure.

Launch of the First Leveraged Sui ETF

21Shares has received approval from the U.S. Securities and Exchange Commission to launch the first leveraged Sui ETF in the country. The product, named the 21Shares 2x Long SUI ETF and listed under the ticker TXXS, will offer magnified exposure to the Sui network through a regulated structure.

The ETF is designed to provide twice the daily performance of Sui, and it uses derivatives within the standard exchange-traded fund format. This allows investors to access leveraged returns through traditional brokerage platforms.

The Nasdaq Stock Market confirmed that it received the Form 8-A 12(b) registration for the ETF from Listed Funds Trust on November 18, 2025. The exchange also certified that the product was approved for listing upon the official notice of issuance.

Regulatory Filing and Market Entry

The filing noted that the registrant is seeking the effectiveness of the registration, and Nasdaq joined in this request. This step allows the fund to enter the market under U.S. securities rules, and it offers investors a regulated vehicle for amplified Sui exposure.

The approval arrives at a time when the SEC has been reviewing leveraged crypto products with careful attention. The agency recently paused several proposals as it assessed the risks associated with amplified structures. The decision to approve TXXS stands out in this environment and opens the door for more structured crypto products in the United States.

Industry Response and Market Context

Mysten Labs co-founder and CEO Evan Cheng said the listing reflects confidence in the Sui network. “Seeing TXXS listed on Nasdaq is a vote of confidence in Sui’s long-term role in capital markets and reflects how enhanced US regulatory clarity can help bring new structured investment products to life,” Cheng said. Cheng added that the listing shows growing interest in blockchain ecosystems that support high transaction throughput and developer activity.

21Shares continues to work on a spot SUI ETF, which remains under review by the SEC. The leveraged version provides market access while discussions on spot products continue. This new ETF also enters a small group of crypto leveraged offerings that trade on U.S. exchanges.

Positioning of the New ETF

The 2x Long SUI ETF gives investors a way to seek amplified exposure to the Sui ecosystem during periods of increased market attention. It also offers a regulated channel for traders who want short-term leveraged performance without using unregulated derivatives platforms.

With the introduction of TXXS, 21Shares expands its suite of crypto-related ETFs in the United States. The launch also places Sui among the blockchain networks with dedicated leveraged exchange-traded products on major U.S. markets.

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