The first SUI ETF, the "21Shares 2x Long SUI ETF," has been approved for listing and trading.

BlockBeats News, December 5th, ETF issuer 21Shares launched the first ETF tracking SUI price 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 Stock Market.

Bloomberg's senior ETF analyst Eric Balchunas pointed out that cryptocurrency-based ETFs being leveraged products are relatively rare. 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."