SEC Approves First 2x Leveraged SUI ETF, Opening Doors for Mainstream Crypto Adoption

The U.S. Securities and Exchange Commission (SEC) has made a landmark decision, approving the first-ever 2x leveraged exchange-traded fund (ETF) based on the Sui blockchain. This groundbreaking approval signifies a major shift in crypto market access and opens doors for mainstream adoption of digital assets. The newly launched TXXS ETF, developed by 21Shares, will provide investors with twice the daily return of the underlying SUI asset’s price movement on the Nasdaq exchange. This innovative product offers investors a simplified way to participate in the growing crypto market while leveraging exposure to the potential volatility of the SUI ecosystem.