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 through traditional brokerage accounts without directly purchasing crypto assets.
TXXS uses swaps and other derivatives to track SUI’s daily performance: if SUI rises 10% in a single day, the targeted return is about 20%; if it falls, the loss is also magnified twofold. Notably, the fund does not hold actual SUI tokens and relies entirely on derivative structures. The SEC had previously cautioned the market in October about the risks of highly leveraged crypto ETFs (3x, 5x, etc.), and this week issued a risk alert to issuers, underscoring its cautious regulatory stance toward leveraged products.
Meanwhile, on-chain activity on the Sui Network continues to strengthen. Over the past three months, its daily transaction volume has grown by 28.2%, outpacing leading blockchains such as Polygon, Arbitrum, and Aptos. Transaction volumes for Aptos and Near declined during the same period, while Sui expanded against the trend, indicating an increase in ecosystem users and on-chain activity.
In terms of price, SUI has risen about 8% over the past week and is currently trading around $1.67. Technical indicators are bullish: the Chaikin Money Flow (CMF) stands at 0.09, showing buying inflows; the MACD has turned positive with the fast line above the slow line. Key resistance levels are at $1.80 and $2.00—if broken, this could open the way for a move up to $2.20. Support is found at $1.60 and $1.50.
With TXXS now listed, U.S. investors can, for the first time, gain leveraged SUI exposure through a regulated financial product. This also reflects the growing interest in blockchain infrastructure tokens and crypto ETFs in the U.S. market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Breaks Through $73,000, Ethereum Surges to $2,200! Tom Lee: Stock Market May Have Hit Bottom This Month, Rising Oil Prices Could Be Bullish
Bitcoin briefly broke through $73,200 this morning, while Ethereum similarly surpassed $2,200. The fear index rose to 23, indicating extreme panic. Tom Lee stated on CNBC that the U.S. stock market may have already formed a bottom, tech stocks are performing well, rising oil prices could be favorable for U.S. stocks, and he believes the current situation will not become a systemic issue.
動區BlockTempo19m ago
TAO (Bittensor) Up 7.25% in 24 Hours
Gate News Update: On March 16, according to Gate's market data, as of the time of publication, TAO (Bittensor) is trading at 276.85 USD, up 7.25% in the past 24 hours, with a high of 291.45 USD and a low of 193.37 USD. The 24-hour trading volume reached 668 million USD. The current market cap is approximately 2.982 billion USD, an increase of 201 million USD compared to yesterday.
## Recent Important Updates on TAO:
1️⃣ **Positive Technical Signals Emerging in the Market**
Technical analysis indicates that TAO's price is forming an Adam-Eve pattern, which typically signals the formation of an uptrend. Analysts have observed that this technical pattern could help push TAO's price above 270 USD, which aligns with current price performance. The
GateNews19m ago
XRP Price Shows Significant Recovery, Is $3 Back On The Menu?
The price of XRP shows a pent-up bullish momentum in the RSI chart.
The token has also entered a decisive phase at the 200 EMA, which could push it above $3.
Ongoing upgrades, particularly ZKP integration, could drive greater institutional adoption of XRPL.
XRP staged a huge rally from $1.40 to
Blockzeit30m ago
USDC Rises Against the Trend: Trading Volume Surpasses USDT for the First Time, Leading Holdings in Five Countries
Mizuho Financial Group research shows that USDC's adjusted trading volume will reach $2.2 trillion in 2026, surpassing USDT's $1.3 trillion for the first time, demonstrating its growth in the stablecoin market. USDC performs better in regulated markets, while USDT maintains dominance in emerging markets, reflecting geographic differentiation in the stablecoin market. This phenomenon is closely related to the different regulatory strategies adopted by both.
MarketWhisper33m ago
Why Did Bitcoin Rise Today? Weekly Close Reclaims 70K, Crypto Czar Sends Anti-War Signal
Bitcoin closed last week above $70,000, marking its highest level since March. White House advisor Sacks' anti-war statement drove a market rebound, demonstrating the importance of cryptocurrency in the geopolitical environment. Technical analysis shows Bitcoin holding steady at key support levels, with potential for further gains toward $75,000 to $80,000. Markets remain vigilant about geopolitical risks, which could impact near-term movements.
MarketWhisper44m ago
Today the cryptocurrency fear and greed index rose to 23, with the market in a state of extreme panic.
Gate News, on March 16, according to Alternative.me data, the cryptocurrency fear and greed index rose to 23 today, compared to 15 yesterday, with the market in an "extreme panic state".
GateNews48m ago
