According to @EricBalchunas, 21Shares has launched a 2x SUI ETF, marking the first ETF tied to SUI. The first product being leveraged is rare and was also the case for XRP, per @EricBalchunas. This marks the 74th crypto ETF launched this year and the 128th overall, per @EricBalchunas. He expects another 80 crypto ETFs to launch in the next 12 months, per @EricBalchunas.

According to Crypto Rover, 21Shares has officially filed for a spot SUI ETF with the SEC, marking a significant step toward institutional adoption of the SUI cryptocurrency. This filing, reported on May 1, 2025, could boost SUI’s market liquidity and attract large-scale investors if approved. Traders should monitor SEC feedback and ETF approval timelines, as similar filings have historically led to increased trading volumes and price volatility in the underlying asset. Source: Crypto Rover on Twitter.