Swiss ETF issuer 21Shares has received approval to list a 2x SUI ETF (TXXS) on Nasdaq, marking the first ETF to track Sui. The ETF aims to achieve 200% of SUI's daily returns and is the 74th crypto ETF launched this year, and the 128th overall. Bloomberg ETF analyst Eric Balchunas noted that it is very rare for the first crypto ETF to be a leveraged one. Previously, the US SEC had halted potential plans for 3x and 5x leveraged ETFs. (The Block)
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Swiss ETF issuer 21Shares has received approval to list a 2x SUI ETF (TXXS) on Nasdaq, marking the first ETF to track Sui. The ETF aims to achieve 200% of SUI's daily returns and is the 74th crypto ETF launched this year, and the 128th overall. Bloomberg ETF analyst Eric Balchunas noted that it is very rare for the first crypto ETF to be a leveraged one. Previously, the US SEC had halted potential plans for 3x and 5x leveraged ETFs. (The Block)