21Shares Debuts 2x Leveraged Sui ETF on Nasdaq
Regulatory milestones include SEC approval of 21Shares’ leveraged Sui ETF, CFTC’s green light for spot crypto trading, and HSBC’s tokenized central bank money trials in Hong Kong.
In an official announcement, 21Shares confirmed SEC approval for its 2x Leveraged Sui ETF (TXXS), the first of its kind in the U.S., now trading on Nasdaq. The product offers twice the daily performance of the Sui token, marking the 74th crypto ETF launched in 2024 and the 128th overall. Bloomberg’s Eric Balchunas noted the rarity of initial crypto ETFs employing leverage. Additional regulatory developments include the CFTC permitting spot crypto trading on registered exchanges and initiatives for tokenized collateral. HSBC is working with Hong Kong’s monetary regulator on exploring tokenized central bank money.
- ETF: An exchange-traded fund that allows investors to buy shares representing a pool of assets, traded like a stock on exchanges.
- 2x Leveraged ETF: An ETF designed to deliver twice the daily performance of its underlying asset or index, using financial leverage.
- Sui: A blockchain network focused on scalability and low-latency transactions, designed for decentralized applications.