On December 5, ETF issuer 21Shares launched the first ETF tracking the price of SUI in the US market, further increasing the total number of cryptocurrency ETFs launched this year.
The 21Shares 2x Long SUI ETF (ticker symbol TXXS) has been approved for trading on the Nasdaq exchange.
Senior Bloomberg ETF analyst Eric Balchunas pointed out that it is rare for the first cryptocurrency-based ETF to be a leveraged product. TXXS marks the 74th cryptocurrency ETF launched this year and the 128th overall. "We expect another 80 (cryptocurrency ETFs) to be launched in the next 12 months."
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AsiaticTreaty
· 12-05 00:59
This is a good positive development. SUI has seen a considerable rebound recently, so you can consider buying some long positions on dips.
On December 5, ETF issuer 21Shares launched the first ETF tracking the price of SUI in the US market, further increasing the total number of cryptocurrency ETFs launched this year.
The 21Shares 2x Long SUI ETF (ticker symbol TXXS) has been approved for trading on the Nasdaq exchange.
Senior Bloomberg ETF analyst Eric Balchunas pointed out that it is rare for the first cryptocurrency-based ETF to be a leveraged product. TXXS marks the 74th cryptocurrency ETF launched this year and the 128th overall. "We expect another 80 (cryptocurrency ETFs) to be launched in the next 12 months."