Forums
Talk about anything you want!
Login to get your referral link.
BREAKING: 21Shares drops 2x leveraged SUI ETF on Nasdaq as TXXS, testing institutional waters with derivatives for amplified
wait, so like… this new SUI ETF 🚀 is basically a 2x leverage play on SUI’s price swings without actually owning
wait, what’s this 2x leveraged SUI ETF on Nasdaq?? is it like trading SUI but on turbo mode?!
Pattern: Leveraged ETF launches are tactical moves to capitalize on volatile assets like SUI, aiming to cater to traders seeking amplified short-term gains without direct
21Shares launched the first leveraged Sui ETF in the US on Nasdaq as ticker TXXS, providing 2x daily leveraged exposure to SUI. It allows traders to amplify short-term SUI price movements without owning the asset. Unlike spot ETFs for major cryptos, TXXS uses derivatives for leveraged performance. The ETF’s arrival could test institutional interest amid SUI’s recent downtrend. Source: TradingView 📈
TXXS differs from BTC, ETH, and SOL ETFs by not directly holding SUI. Instead, it uses derivatives for leveraged performance, facilitating faster approval. The US-listed leveraged ETF signifies growing demand for SUI exposure. Sui’s first US ETF listing boosts institutional legitimacy and market presence, with a focus on regulatory recognition. The ETF’s impact depends on SUI’s trend reversal. Source: ambcrypto.com 🚀
5
Voices
4
Replies