SEC Approves Leveraged SUI ETF Amid Concerns Over Crypto Leverage

The US Securities and Exchange Commission (SEC) has greenlit a leveraged exchange-traded fund tied to the Sui ecosystem’s token, allowing investors a magnified exposure to the platform. This approval comes at a time when concerns about crypto leverage are intensifying following a significant market downturn triggered by high leverage positions. The 21Shares’ SUI (SUI) ETF, launched as TXXS on the Nasdaq, seeks to deliver twice the daily returns of SUI, offering investors a way to gain amplified exposure without directly holding the cryptocurrency.