Summary
- The U.S. Securities and Exchange Commission (SEC) said it approved a 2x leveraged Sui ETF.
- TXXS was listed on Nasdaq through 21Shares.
- It said investors can obtain short-term leveraged exposure without complex margin calls or minimum account requirements through the ETF.
U.S. regulators have approved trading of a 2x leveraged exchange-traded fund (ETF) based on Sui.
Sui said on the 4th (local time), "The U.S. Securities and Exchange Commission (SEC) has approved the 2x leveraged Sui ETF (TXXS)," and "(the ETF) has been listed on Nasdaq through 21Shares." This is the first time a 2x leveraged Sui-based ETF has been launched in the U.S.
21Shares said, "TXXS will make entering and exiting (Sui) positions easier," and "(Through TXXS) short-term leveraged exposure can be obtained without barriers commonly encountered in leveraged trading in traditional finance, such as complex margin calls or high account minimum requirements."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
