21Shares Launches First SUI ETF with 2x Leverage on Nasdaq

ETF issuer 21Shares launched a leveraged exchange-traded fund tracking SUI, with the 21Shares 2x Long SUI ETF (ticker: TXXS) approved for trading on Nasdaq on December 5. Bloomberg senior ETF analyst Eric Balchunas said it is relatively uncommon for the first ETF based on a cryptocurrency to be a leveraged product. TXXS is the 74th cryptocurrency ETF launched this year and the 128th in total, with an estimated 80 more crypto ETFs expected to debut over the next 12 months, Balchunas said.