Nasdaq Listing Brings Regulated Sui Exposure to US Investors

The listing of TSUI and TXXS on the Nasdaq exchange marks a significant milestone for Sui, allowing US investors to access the digital asset through a regulated exchange-traded fund (ETF). The TSUI ETF provides spot Sui exposure, mirroring the price movements of the underlying asset. On the other hand, the TXXS ETF is a 2x leveraged product that seeks to deliver twice the daily return of Sui, using derivatives and resetting its exposure every trading day.

The listing of these two ETFs underscores the growing institutionalization of digital assets in mainstream capital markets. As reported by The Block, this development adds to the roster of crypto-focused ETFs listed on US exchanges. Evan Cheng, Co-Founder and CEO at Mysten Labs, stated that the Nasdaq presence is a vote of confidence in Sui's long-term role in capital markets.