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

REX Shares and Tuttle Capital Management have introduced GLXU, the T-REX 2X Long Galaxy Digital Daily Target ETF, marking the first 2x leveraged ETF in the U.S. to track the stock price of Galaxy Digital Holdings Ltd. [1]. The product will trade on Cboe under the ticker GLXU and is designed to deliver double the daily performance of Galaxy Digital’s stock [3]. This offering expands the range of investment vehicles available for those seeking leveraged exposure to the cryptocurrency and digital asset services firm [5].

Galaxy Digital’s stock has experienced gains following the ETF’s launch, though exact return figures have not been disclosed [1]. The product is tailored for investors aiming for a leveraged strategy aligned with the performance of one of the most prominent firms in the crypto financial services sector [4]. It is the first of its kind in the U.S. market and comes amid growing interest in structured products tied to equities in the crypto ecosystem [6].

The launch reflects heightened institutional interest in crypto-linked financial instruments, with REX Shares and Tuttle Capital collaborating to meet demand from both sophisticated and retail investors [7]. GLXU is structured to track the daily performance of Galaxy Digital with 2x leverage, meaning it seeks to reflect twice the daily return of the underlying stock [4]. The ETF does not offer direct exposure to cryptocurrencies or tokens but rather leverages the stock of a firm deeply engaged in the digital asset ecosystem [5].

This development highlights the ongoing evolution of financial markets as traditional asset classes and crypto-related equities become more accessible through innovative structures [6]. REX Shares and Tuttle have previously collaborated on 2x leveraged and inverse ETFs for companies such as MicroStrategy [5], and have also filed for 2x leveraged ETFs across a range of digital assets [4]. The T-REX suite of ETFs includes both leveraged and inverse products, providing amplified exposure to U.S.-listed equities in sectors such as artificial intelligence, blockchain, and energy [3].

The launch of GLXU underscores a broader trend of market providers expanding their offerings to cater to active traders and investors with targeted, short-term strategies [1]. By introducing this ETF, REX Shares continues to build its portfolio of precision tools for active traders, as emphasized by Scott Acheychek, chief operating officer of REX Financial [3].

Source:

[1] First 2x leveraged ETF tracking Galaxy Digital launched by REX Shares and Tuttle Capital. https://www.theblock.co/post/366194/first-2x-leveraged-etf-tracking-galaxy-digital-launched-by-rex-shares-and-tuttle-capital

[2] T-REX 2X Long Galaxy Digital ETF Launched by ... https://www.binance.com/en/square/post/08-08-2025-t-rex-2x-long-galaxy-digital-etf-launched-by-rex-shares-and-tuttle-capital-28046253985961

[3] 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/

[4] REX Shares and Tuttle Capital Management Launch T ... https://www.businesswire.com/news/home/20250808299502/en/REX-Shares-and-Tuttle-Capital-Management-Launch-T-REX-2X-Long-GLXY-Daily-Target-ETF-CBOE-GLXU

[5] REX Shares launches GLXU, an exchange-traded fund ... https://www.cointime.ai/flash-news/rex-shares-launches-glxu-99405

[6] The Block on X: "First 2x leveraged ETF tracking Galaxy ... https://x.com/TheBlock__/status/1953846564348187088

[7] Coinbase Launches DEX Feature for U.S. Users. https://m.economictimes.com/crypto-news-today-live-08-aug-2025/liveblog/123173392.cms