Sui's Market Maturity: The SEC has approved the first 2× leveraged ETF for Sui (SUI), which will trade on Nasdaq, marking a significant step in the asset's institutional visibility and market maturity.
New Trading Products: Coinbase Derivatives has launched SUI futures with leverage up to 50×, enhancing price discovery and liquidity in the U.S. markets, while also attracting younger investors in India.
Impact of Leverage on Volatility: The introduction of leveraged products can lead to increased trading volume and volatility, with potential short-term price movements for SUI, currently trading around $1.69.
Future Price Predictions: Analysts suggest that if trading volume increases with the ETF launch, SUI could approach psychological price levels like $2.00, although volatility may lead to choppy price action in the short term.
