21Shares on Thursday, Dec. 4, listed a new exchange-traded fund (ETF) offering the first-ever leveraged exposure to Sui (SUI) on the Nasdaq.

The fund, called TXXS, was recently approved by the U.S. Securities and Exchange Commission (SEC) and gives traders double the daily price movement of Sui without holding the token directly.

The ETF is the first product of its kind tied to the Sui ecosystem and arrives as the SEC continues reviewing 21Shares’ separate application for a spot Sui ETF, the firm said in an announcement.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io