The SUI leveraged ETF has officially launched on Nasdaq. What price and on-chain trends should investors pay attention to?
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.
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