21Shares Launched Leveraged SUI-ETF Futures

• 21Shares has launched the TXXS fund on the Nasdaq.
• It is an SUI-based futures ETF with up to 2x leverage.
• The fund will invest in contracts based on the asset, seeking to double price appreciation relative to the SUI price.

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21Shares has launched an exchange traded product (ETF) based on Sui (SUI) with leverage of 2x. This was announced by the Sui Foundation organization, which oversees the development of the eponymous blockchain.

The project debuted on the Nasdaq exchange under the ticker TXXS. It is a futures ETF, not a spot ETF. It aims to provide an investment result that corresponds to 200% of the daily price performance of SUI.

The fund will not invest in the crypto asset directly, but in derivative contracts. In this case, if the price of SUI increased, for example, by 1%, the ETF’s share price should increase by 2% and so on.

The company positions the new product as an alternative to complex margin trading in the familiar exchange-traded fund structure. The product is designed to provide investors with enhanced exposure to one of the fastest-growing blockchains, the filing said.

The Sui network was chosen because of its simplicity and accessibility, 21Shares explained. It is the first SUI-ETF in the U.S. and one of the few cryptocurrency products with built-in leverage.

According to Bloomberg Intelligence analyst Eric Balchunas, this is the 74th cryptocurrency ETF launched in the U.S. in 2025. The expert expects at least 80 more to appear in 2026.

At the same time, 21Shares has filed an application for a spot SUI-ETF, which is under review by the U.S. Securities and Exchange Commission (SEC).

Another cryptocurrency exchange-traded fund with built-in leverage available to U.S. investors is the Ultra XRP ETF from provider ProShares, launching in April 2025, among others.