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."
SUI-5.93%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
AsiaticTreatyvip
· 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.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)