The 2x Sui ETF (SUIL) is a leveraged exchange-traded fund from Volatility Shares that aims to deliver twice the daily performance of SUI, before fees and expenses. The fund launched on May 15, 2026 and trades on the Cboe under the ticker SUIL. It does not hold SUI directly. It gets its exposure mainly through SUI futures contracts, and it may also use swaps, SUI-linked exchange-traded products and SUI-referenced indexes, held through a Cayman Islands subsidiary. The fund is actively managed and rebalances daily.

SUI is the native token of Sui, a layer-1 blockchain developed by Mysten Labs, a company founded by former engineers from Meta’s Diem project. Sui is built on the Move programming language and uses an object-centric data model. This lets it process unrelated transactions in parallel, which helps it achieve high throughput and low latency. The network launched its mainnet in May 2023 and supports DeFi, gaming and consumer applications. SUI is used for transaction fees, staking and on-chain governance.

SUIL is registered under the Investment Company Act of 1940, is classified as non-diversified and is also treated as a commodity pool. Volatility Shares LLC is the adviser and Foreside Fund Services, LLC is the distributor. The total expense ratio is 1.85%. Because the fund resets its leverage daily, returns over periods longer than one day can differ significantly from twice SUI’s return. SUI and SUI futures are new, highly volatile and can have limited liquidity, and investors can lose their entire investment in a single day.