SEC approves first leveraged SUI ETF, $2 mark within reach

2025-12-05 01:20:18

Abstract generation in progress

[Crypto World] The SEC has finally given the green light to SUI—21Shares’ 2x leveraged ETF (ticker TXXS) has officially started trading on Nasdaq. This is the first SUI leveraged product to receive regulatory approval, and now US investors can use compliant channels to play with leverage.

The market reacted pretty directly after the news came out; this ETF has already risen by nearly 8% this week. SUI’s price is also pushing toward the $2 mark, but the real challenge lies ahead—a lot of resistance is stacked up in the $2.8 to $3.1 range, and whether it can break through that barrier is the key. From a technical perspective, this price zone will be a watershed: breaking through opens up the upside, but if it can’t hold, we might see more consolidation.

SUI-6.41%

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.

16 Likes

Reward
16
7
Repost
Share

Comment

0/400

ZkSnarker

· 13h ago

well technically this is just institutional FOMO with extra steps, but ngl the 2.8-3.1 resistance is actually worth watching... imagine if we break through and nobody's ready for it lmao

Reply0

FancyResearchLab

· 12-05 09:28

Another useless innovation, but theoretically it should work. This time, Wall Street really has control of the leverage remote.

View OriginalReply0

ForkThisDAO

· 12-05 01:48

$2 is a bit close, feels like this round will still need repeated testing.

View OriginalReply0

AirdropFreedom

· 12-05 01:47

It's finally SUI's turn. As soon as the US launches compliant leverage, the market comes alive. $2 is just around the corner.

View OriginalReply0

OnchainHolmes

· 12-05 01:42

Hmm... regulated leverage is here, Americans can finally play openly and legally, this is getting interesting. --- $2 feels so close, but those resistance levels are really tough. --- TXXS had a nice 8% gain this round, now it's up to SUI to see if it can truly break through that barrier. --- With an ETF endorsed by the SEC, the risk is indeed much lower, but leverage is always a double-edged sword. --- The 2.8 to 3.1 range is really a key point—if it can't break through, it'll just keep consolidating.

View OriginalReply0

SneakyFlashloan