REX Shares and Tuttle Capital Launch 2X Leveraged ETF Tracking Galaxy Digital

REX Shares and Tuttle Capital Management have launched the T-REX 2X Long Galaxy Digital Daily Target ETF (GLXU), a 2x leveraged exchange-traded fund that seeks to amplify the daily performance of Galaxy Digital Holdings, a prominent player in the digital asset financial services sector [1]. The ETF began trading on the Cboe, providing investors with an innovative vehicle to gain enhanced exposure to a company at the forefront of crypto innovation.

GLXU represents the first leveraged product to directly track the stock of Galaxy Digital, which operates across a range of crypto-related services including investment banking, asset management, and research. By offering twice the daily return of the underlying equity, the ETF is tailored for active traders who aim to capitalize on short-term price movements in the digital asset space [1]. The product builds on a series of similar offerings from REX Shares and Tuttle Capital, who have previously introduced leveraged ETFs for companies and spot assets in the crypto and emerging technology sectors [1].

The launch underscores a growing trend of increased institutional and retail interest in leveraged exposure to digital asset innovation. As digital assets continue to gain mainstream acceptance, products like GLXU offer a way to participate in the sector with higher volatility and potential returns. REX Shares and Tuttle Capital have demonstrated a consistent approach to market trends, with prior launches including leveraged ETFs for MicroStrategy and applications for 2x leveraged ETFs across multiple digital assets [1].

Scott Acheychek, Chief Operating Officer of REX Financial, emphasized that GLXU provides investors with an amplified lens into companies driving digital asset innovation [1]. The ETF reflects not only Galaxy Digital’s trading and investment banking capabilities but also its broader influence in the crypto ecosystem.

While GLXU may offer opportunities for higher returns, it also entails greater risk due to its leveraged structure. Investors are advised to carefully consider the risks associated with leveraged investing, especially in a rapidly evolving market such as digital assets [1]. The product is designed for those with a deep understanding of market dynamics and a willingness to engage in active trading strategies.

The T-REX 2X Long Galaxy Digital Daily Target ETF marks a significant step in the evolution of crypto-related investment products, providing traders with a new tool to navigate the opportunities and challenges of the digital asset landscape [1].

Source: [1] REX Shares and Tuttle Capital launch first 2x leveraged... (https://crypto.news/rex-shares-and-tuttle-capital-launch-first-2x-leveraged-etf-tracking-galaxy-digital/)