Share-split context: A reverse split was recorded on Jul 6, 2026 with coefficient 0.1. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

What this ETF is trying to do

The 21SHARES 2X LONG SUI ETF (ticker: TXXS) is a leveraged ETF. "Leveraged" means the fund uses extra funds or financial tools to try and multiply the price movements of an underlying asset. This specific ETF aims to provide "2X Long" exposure, meaning it tries to move twice as much as the base asset, which in this case is SUI.

What the numbers show

The current price of TXXS is $42.75. The data shows a significant share-price decline for the year so far. The year-to-date (YTD) price return is -73.24%. When you include distributions, the YTD total return is -73.22%.

This ETF has a history of reverse splits. On July 6, 2026, it underwent a reverse split with a coefficient of 0.1. In a reverse split, multiple old shares are combined into fewer new shares. This causes the quoted per-share price to rise mechanically. It is important to understand that this mechanical increase did not restore any lost investment value; it simply changed how many shares an investor owns and what each share costs.

Income and distribution explanation

The distribution yield for this ETF is 0.01%. Over the last 12 months, there was only one payout of $0.0055 per share. These distributions happen irregularly and less frequently. It is important to remember that a distribution yield describes cash payments relative to the price. A high distribution yield does not automatically mean an investor earned that percentage as a total return.

NAV erosion explanation

NAV erosion is a term used to describe the loss of value in the fund's underlying assets over time. For this ETF, the erosion-risk score was withheld because there is insufficient verified price history. There is currently no severe erosion-risk flag for this fund.

Pros

• Provides leveraged exposure to SUI for investors seeking higher price movements.

• Focuses on a specific asset type.

Cons

• The ETF has experienced a very large share-price decline of over 73% year-to-date.

• It has a history of reverse splits, which is a structural warning for investors.

• Distributions are irregular and occur infrequently.

Beginner takeaway

This ETF is designed for those who want leveraged exposure to SUI. However, the data shows that the share price has dropped significantly this year. Because it has a history of reverse splits, you should look at split-adjusted returns to understand its performance. Investors should keep in mind that distributions do not guarantee that the original investment amount will be preserved.