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].