LATEST: 📈 21Shares officially launched its 2x leveraged SUI ETF on Thursday, trading on the Nasdaq under the ticker TXXS. https://t.co/mhztnVrhwt ...

Daily News 🗞 | December 5• Tron sees $931.7M stablecoin inflow in last 24 hours• CFTC approves spot crypto trading on US exchanges• First leveraged Sui ETF prepares launch on Nasdaq• Solana Mobile to launch SKR native token in January• Grayscale Chainlink ETF draws $41M on debut#CryptoNews #PoloniexNEWS ...

SUI gets approved for its first 2x levered ETF via 21SharesSui (@SuiNetwork):The SEC has approved the first-ever 2x leveraged SUI ETF (TXXS), live on Nasdaq via @21shares_us.A first for Sui in public markets - offering amplified, regulated exposure to SUI.A new chapter for Sui investing begins. https://t.co/y6h4gqMlnP ...

⚡️ JUST IN: The SEC has approved the first-ever 2x leveraged SUI ETF TXXS. https://t.co/FLyoyNnfsg ...

🚨JUST IN: @SECGOV APPROVES FIRST LEVERAGED $SUI ETF WITH 2X EXPOSURE, SET TO LAUNCH ON NASDAQ VIA @21SHARES_US ...

Core Viewpoint - 21Shares has launched the 21Shares 2x SUI ETF (TXXS) on Nasdaq, providing leveraged exposure to the Sui blockchain, marking the first such product in the US market [1][2]. Company Overview - 21Shares is one of the largest issuers of cryptocurrency exchange-traded products (ETPs) and aims to make cryptocurrency more accessible to investors, bridging traditional finance and decentralized finance [5]. - The company has a seven-year track record of creating crypto ETPs and is backed by a specialized research team and proprietary technology [5]. Product Details - The 21Shares 2x Long Sui ETF (TXXS) aims to deliver 200% of SUI's daily performance before fees and expenses, with a management fee of 1.89% [2][3]. - The ETF utilizes a leveraged structure to enhance performance potential through derivatives, catering to both institutional and retail investors [1][3]. Market Context - The launch of TXXS reflects growing demand for dynamic engagement with Sui, a next-generation blockchain designed to simplify crypto usage, which has seen significant adoption and activity [2][3]. - Sui has surpassed $10 billion in 30-day DEX volume and processed over $180 billion in stablecoin transfer volume for four consecutive months, indicating its rapid growth and market relevance [2]. Strategic Partnerships - 21Shares is a subsidiary of FalconX, leveraging its resources to accelerate growth while maintaining independent operations [6].

Regulatory Concerns - The U.S. Securities and Exchange Commission (SEC) has issued warnings to issuers of high-leveraged exchange-traded funds (ETFs), including proposed crypto ETFs, due to potential risks associated with these products [1][2] - The SEC has halted the review of these funds until the concerns raised are addressed by the issuers [1] Issuers and Products - A total of nine issuers, including ProShares, which already has leveraged crypto ETFs on the market, received warnings from the SEC [2] - Defiance has filed paperwork to release 49 funds offering three times long and short leveraged exposure to tech and crypto-focused firms, gold, and individual cryptocurrencies like Bitcoin, Ethereum, and Solana [4] Market Trends - Leveraged ETFs are designed to amplify returns by holding debt, but they also increase the risk of compounded losses [3] - BlackRock's iShares Bitcoin Trust (IBIT) has reached approximately $70 billion in assets under management, contributing to a total of about $122 billion across 11 Bitcoin funds [5] - Recent weeks have seen the listing of funds for XRP, Solana, Dogecoin, and Chainlink on U.S. exchanges, indicating a growing interest in crypto-related investment products [5]

Group 1 - The article highlights the risks associated with leveraged ETFs, specifically referencing the Defiance Daily Target 2X Long MSTR ETF (MSTX) as an example of potential downside that investors often overlook [1] - Binary Tree Analytics (BTA) aims to provide transparency and analytics in capital markets, focusing on closed-end funds (CEFs), exchange-traded funds (ETFs), and special situations to achieve high annualized returns with low volatility [1]

Leveraged ETFs can act as a doubled-edged sword.The Direxion Daily Semiconductor Bull 3X Shares (NYSEARCA: SOXL) and the ProShares Ultra S&P500 (NYSEARCA: SSO) both aim to provide outsized returns through the use of considerable leverage. However, their approach to delivering these returns vary greatly. SOXL is laser-focused on the red-hot semiconductor sector, while SSO aims to double the daily return of the benchmark S&P 500 index. What follows is an in-depth breakdown of each fund, along with some guidan ...

Explore how differing tech exposure, risk profiles, and costs set these two leveraged ETFs apart for tactical investors.The ProShares Ultra QQQ ETF (QLD 0.15%) and the ProShares Ultra S&P 500 ETF (SSO 0.21%) both offer 2x daily leveraged exposure, but they differ in underlying index, sector concentration, and risk-return profile.Both funds aim for double the daily performance of major U.S. indexes -- the Nasdaq-100 for QLD and the S&P 500 for SSO -- making them tools for aggressive traders or tactical inves ...