Financial firm REX Shares has filed for the creation of an ETF linked to the cryptocurrency TRON. This new fund would allow investors to obtain double returns from daily price changes of TRON.
Details on the T-Rex 2X Long TRON Daily Target ETF
REX Shares announced its intent to create the T-Rex 2X Long TRON Daily Target ETF. If approved by the SEC, the fund will provide investors with 200% of TRON's daily returns. To achieve this, it will use swaps, call options, and other TRON-related ETFs. The fund will charge a management fee of 1.5% and carry a higher risk due to its leveraged structure.
Current Market Situation for TRON
Currently, TRON has a market capitalization of approximately $27.91 billion. The price of TRX has been hovering around $0.2945, reflecting a slight increase compared to the previous day. In the last 24 hours, trading volume for TRX exceeded $590 million, marking a notable 30% increase.
Future of the ETF Proposal and Interest in TRON
This is not the first time TRON has been in focus. Back in April, Canary Capital filed for a separate TRX staking ETF. The SEC has officially begun to review the T-Rex ETF proposal, with a final decision likely by late 2025. This demonstrates the growing interest in TRON and other altcoins among traditional investment structures.
The application by REX Shares for a TRON-linked ETF underscores the rising interest in cryptocurrency investments beyond Bitcoin and Ethereum, opening new horizons for investors.
