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Launched · SEC filings

21Shares 2x Long Sui ETF

TXXSNasdaq21SharesFThis 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.

$24.61−1.23 (−4.76%)

At close: Nov 2, 2026, 4:00 PM ET

F12/ 100

Rank 14 of 14 in 2x Long Crypto

F12/100Rank 14 of 14in2x Long Crypto
Intraday session: down, 79 prints from 25.84 to 24.61. Range 24.42 to 25.90. Use the arrow keys to read each point.25.0025.2525.5010 AM12 PM2 PM4 PM
Expense ratio
4.55%
Fund size
$5M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
9.2K sh
52W range
low $17.75high $307.00
Launched
Filings
SEC EDGAR

The ETF.net TXXS Grade

Based on 4 of 6 pillars

F

Score 12 out of 100

Category
2x Long Crypto⁠
Rank
14 of 14
Six-pillar profile for TXXS. Scores out of 100: Cost 1, Risk 22, Mission not scored, Tradability 24, Holdings not scored, Durability 23. Strongest: Tradability (24). Weakest: Cost (1). Based on 4 of 6 pillars.

Score 12 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F1 out of 100
    Rank 14 of 14

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F22 out of 100
    Rank 13 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F24 out of 100
    Rank 10 of 14

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F23 out of 100
    Rank 11 of 14

Our read on TXXS

ETF.net Research

In short

FThe first US ETF to put leverage on Sui. TXXS aims for two times Sui's daily price move using swaps, futures and options instead of owning the coin: a one-day tool in a leveraged crypto aisle that is otherwise mostly bitcoin and ether.

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

  • Listed on Nasdaq in December 2025 as the first leveraged Sui ETF in the US, in a 2x crypto aisle still built mostly around bitcoin and ether.nasdaq.com
  • No wallet, no private keys. Exposure comes from swaps, futures and options inside a 1940 Act fund, with at least 80% in exposure-consistent instruments under normal conditions.21shares.com
  • The contract is explicit: before fees, two times Sui's move from one NAV to the next, for a single day and not for longer stretches.

Worth knowing

  • Fee is 4.55% a year with no waiver in place, above the category median and above 2x crypto peers like BITU (0.95%) and BITX (2.75%).
  • Leverage resets daily, so results over weeks or months can drift far from 2x Sui's move over the same window. Choppy markets compound against the position.21shares.com
  • Small and thinly traded, so spreads and order size matter more here than in the category's heavyweights. Distributions, if any, come annually or semiannually.

TXXS Holdings

Asset class
Other
Holdings
3
Top-10 weight
100%
Largest holding
SUI Futures Nov2666.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataSUI Futures Nov2666.66%22,551$10.6M2
2No dataCash & Other24.13%3,835,336$3.84M609
3No dataUs Bank Mmda - Usbgfs 9 09/01/20379.21%1,463,596$1.46M163

Showing 1–3 of 3 holdings

TXXS Performance

Launched Dec 4, 2025

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
TXXS$1,619
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. TXXS $1,619. SPY $11,169. Use the arrow keys to read each point.$0$5,000$10,000$15,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−83.8%
1 month−44.3%
3 months+32.7%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−83.8%
2025−35.0%

Since listing, Dec 4, 2025

TXXS in the news

TXXS Dividends

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

Risk pillarF22 out of 100Rank 13 of 14 in 2x Long Crypto

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.

FMP measures it over up to five years of monthly returns.

TXXS Cost

Compare TXXS and BITU

Overpaying vs BITU, tied cheapest in 2x Long Crypto

$37,583

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TXXS 4.55%

    $55,452

  • BITU 0.95% Tied cheapest

    $17,869

$10,000
30 years

Cost over time

  • TXXS 4.55%
  • BITU 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$20K$40K$60K051015202530TXXS $55,452BITU $17,869

Year by year

YearTXXSBITUOverpaying
10$6,933$1,678$5,255
20$22,470$6,322$16,148
30$55,452$17,869$37,583

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