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The SUI leveraged ETF has officially launched on Nasdaq. What price and on-chain trends should investors pay attention to?
The U.S. Securities and Exchange Commission (SEC) has recently approved the first leveraged SUI ETF launched by 21Shares, which is now listed on Nasdaq under the ticker TXXS. This product provides U.S. investors with a new way to gain 2x daily exposure to SUI’s returns through traditional brokerage accounts, without the need to directly purchase crypto assets.
TXXS uses swaps and other derivatives to track SUI’s daily performance: if SUI rises 10% in a single day, the target increase is approximately 20%; if it falls, the decline is similarly reflected at double the rate. It’s important to note that the fund does not hold actual SUI tokens, relying entirely on a derivatives structure. In October, the SEC warned the market to exercise caution with highly leveraged crypto ETFs such as 3x and 5x products. This week, the agency also issued a risk alert letter to issuers, emphasizing its cautious regulatory stance on leveraged products.
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