- The SEC approves 21Shares’ 2x leveraged SUI ETF, TXXS, boosting Sui’s institutional visibility.
- Grayscale files for the Sui Trust, providing regulated exposure to SUI without wallet management.
- Rising demand for Sui products reflects confidence in Sui’s DeFi ecosystem and long-term potential.
The SEC has approved the first 2x leveraged SUI ETF, TXXS, which is now live on Nasdaq. This approval boosts the visibility of Sui as institutional products continue to emerge. Sui Network took on X to confirm the approval, as the new ETF aims to increase liquidity and provide more opportunities for investors.
21Shares’ TXXS ETF gives investors 2x daily exposure to the price movements of SUI. The product achieved a strong debut, with over 4,700 shares traded on its first day. It closed at $24.57, becoming the first U.S.-listed ETF linked directly to the Sui blockchain.
Grayscale Files for Sui Trust
Grayscale has filed an S-1 with the SEC for the Grayscale Sui Trust, offering regulated exposure to the SUI token. The proposed trust will track the price of SUI minus fees, eliminating the need for investors to manage wallets. This move signals Grayscale’s continued focus on expanding its single-asset ETF offerings.
The Sui Trust aligns with Grayscale’s broader strategy to cater to the growing demand for blockchain-based financial products. The trust will provide an accessible, regulated investment vehicle for those seeking exposure to Sui without interacting directly with the blockchain. This type of product is likely to appeal to both institutional and retail investors.
Grayscale’s filing follows a recent surge of similar products in the U.S., with new filings for tokens like Dogecoin and Chainlink. The Sui Trust is one of the earliest U.S.-based investment products built specifically for the Sui ecosystem. Grayscale’s entry into this market further reinforces the growing institutional interest in Sui.
Rising Demand for SUI-Based Products
The launch of the 2x leveraged ETF and Grayscale’s Sui Trust filing highlights the increasing demand for Sui-based products. Other filings, like Canary Funds’ application for a spot SUI ETF, signal a trend toward institutional interest in blockchain-linked investment opportunities. These filings reflect broader confidence in Sui as a long-term investment.
Sui’s DeFi ecosystem is expanding, with stronger liquidity seen across decentralized exchanges (DEXs), lending platforms, and derivatives. Its total value locked (TVL) is increasing, bolstered by cross-chain activity, including the growing share of BTC-backed assets.The approval of TXXS marks a growing interest in Sui-based investment products. Despite SUI’s recent 1.59% price dip, investor demand for such products remains high. The rising trading activity shows increasing institutional confidence in Sui’s potential. SUI’s long-term outlook remains strong, with rising investor interest in the network’s developments.
