21Shares 2x Long Sui ETF (TXXS) is an exchange-traded fund that provides investors with daily leveraged exposure to the price performance of Sui (SUI), a Layer-1 blockchain network. The Fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily price performance of SUI, achieved through derivative instruments including primarily swap agreements, futures, and options rather than direct holdings of SUI; under normal circumstances, at least 80% of its assets are invested in such instruments. Launched on Nasdaq in December 2025 following U.S. Securities and Exchange Commission approval, TXXS targets short-term traders seeking amplified returns in bull markets while highlighting risks of increased losses in downturns and deviations from 2x performance over periods longer than one day due to daily rebalancing.
Founded in 2018 and headquartered in Zug, Switzerland, 21Shares, the issuer of TXXS, specializes in cryptocurrency exchange-traded products (ETPs) and ETFs, including single-asset funds like ARKB (Bitcoin), TETH (Ethereum), and TSOL (Solana); diversified index ETFs such as TTOP (FTSE Crypto 10 Index) and TXBC (FTSE Crypto 10 ex-BTC Index); and other leveraged products including TXXD (2x Long Dogecoin ETF).
The company operates globally with a focus on regulated markets in the United States, Europe, and Asia-Pacific, serving institutional and retail investors seeking simplified access to digital assets without direct custody complexities. Recent major developments include the launch of TXXS as the first leveraged SUI ETF and the first tied to the Sui ecosystem, alongside a proposed spot SUI ETF under SEC review; additionally, in October 2025, FalconX announced its agreement to acquire 21Shares, with the transaction completed by November 2025, uniting prime brokerage infrastructure with ETP expertise to accelerate product innovation in derivatives and structured funds.