21Shares lists 2x leveraged SUI ETF (TXXS) on Nasdaq, prompting leverage and custody scrutiny
21Shares has listed a 2x leveraged SUI ETF (TXXS) on Nasdaq, introducing a product that concentrates leverage risk directly at the product level. By doubling exposure to SUI, the ETF immediately raises structural concerns for custodians, issuers, and compliance functions regarding leverage controls and asset transparency.
Solana ETFs See Record Outflow as 21Shares’ TSOL Bleeds $42M
Solana ETFs recorded a record outflow, with 21Shares’ TSOL fund reporting a $42 million withdrawal event. This sharp redemption signals concentrated selling pressure on a flagship Solana-linked exchange-traded product and immediately raises concerns around liquidity and fund-level stress.