Skip to content
etf.net

TXXS

GradeCNASDAQ Global Market

21Shares 2x Long Sui ETF

Leveraged · Leveraged & Inverse · 21Shares · Inception 2025-12-04 · SEC filings

This fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$33.75−2.78 (−7.62%)

As of Sep 23, 2026, 2:24 PM EDT

History starts Dec 4, 2025.History starts Dec 4, 2025.
Intraday session: down, 38 prints from 36.53 to 33.75. Range 31.98 to 37.44. Use the arrow keys to read each point.$32.00$36.00$38.0010 AM12 PM2 PM4 PM
Expense ratio
1.89%
Fund size
$6M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$38.78
52W range
low $17.75high $307.00

The ETF.net TXXS Grade

C

40/ 100

Rank 10 of 15 in 2x Long Crypto⁠

Confidence Medium

Six-pillar profile for TXXS. Scores out of 100: Cost 46, Risk 46, Mission not scored, Tradability 39, Holdings not scored, Durability 24. Strongest: Cost (46). Weakest: Durability (24). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned43This cap took−3Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 46
    Category rank9/15 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 46
    Category rank10/15 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 39
    Category rank9/15 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 24
    Category rank12/15 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on TXXS

ETF.net Research

CLeveraged crypto ETFs mostly stop at bitcoin and ether. TXXS reaches further down the chain, aiming for two times Sui's daily price move through swaps and futures rather than holding the token, with the clock resetting every day.

Stated mandate

The Fund seeks before-fee daily results equal to two times Sui’s daily price performance for one NAV-to-NAV day, not longer periods. It uses primarily swaps, futures, and options rather than holding Sui directly, with at least 80% exposure-consistent instruments targeted under normal circumstances.

Why people hold it

  1. 01A rare single-token leveraged play on Sui in a shelf built around bitcoin, ether and XRP (BITU, ETHT, UXRP). If Sui is the coin you follow, the geared wrapper exists.21shares.com
  2. 02Fees land at the middle of the leveraged crypto pack: 1.89% a year, versus 2.75% at BITX and 2.97% at ETHU.
  3. 03No wallet, no keys, no crypto exchange account. Geared Sui exposure arrives as a brokerage ticker, with at least 80% of assets in Sui-linked instruments under normal conditions.cdn.21shares.com

Worth knowing

  1. 01The 2x target covers one NAV-to-NAV day, not a week or a year. Compounding means multi-day results can diverge sharply from twice Sui's move, and choppy markets widen that gap.
  2. 02Exposure is synthetic: swaps, futures and options rather than Sui itself. Counterparty terms and derivative pricing sit between the fund and the token.21shares.com
  3. 03Launched in December 2025, it is a small fund that trades lightly next to the bitcoin and ether leveraged names, so spreads can be wider.

TXXS Holdings

As of Sep 20, 2026, 6:36 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
SUI Futures Sep2666.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SUI Futures Sep2666.66%17,675$6M2
002—Cash & Other25.11%2,440,620$2M674
003—US BANK MMDA - USBGFS 9 09/01/20378.23%800,323$800K161

Showing 1–3 of 3 holdings

TXXS Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TXXS$2,289
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. TXXS $2,289. SPY $11,430. Use the arrow keys to read each point.$-186$9,291$18,768Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TXXS. Periods over one year show the average yearly return.
PeriodTXXS
Year to date−77.1%
1 month+39.8%
3 months+58.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TXXS
YearReturn barTXXS
2026 YTD−77.1%
2025−35.0%

Since listing, Dec 4, 2025

TXXS in the news

ETF.net Research hasn’t filed on TXXS yet — coverage lands here as it’s written.

TXXS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.06 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Feb 25, 2026 $0.06. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Feb 25, 2026Feb 26, 2026$0.06

TXXS Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.99
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TXXS Cost

Expense ratio1.89%
  • The middle half of 2x Long Crypto funds
  • Median 1.89%

6 of the 15 2x Long Crypto funds charge less.

TXXS costs $189.00 a year on $10,000. The median 2x Long Crypto fund costs $189.00.