REX Shares in partnership with Tuttle Capital Management is launching a new 2x ETF tracking Galaxy Digital shares, boosting interest in crypto investments.
Introduction of ETF GLXU
The new T-REX 2X Long Galaxy Digital Daily Target ETF, trading under the ticker GLXU on the Cboe exchange, will track Galaxy Digital shares in the United States. The ETF aims to provide bullish exposure to Galaxy Digital, emphasizing the company's potential as a financial platform focused on crypto finance.
Expansion of the T-REX ETF Lineup
The launch of GLXU adds a new element to the growing T-REX ETF lineup by REX Shares. These ETFs are aimed at investors seeking short-term, amplified exposure to platforms in sectors like artificial intelligence, blockchain, and energy. The T-REX suite includes both leveraged and inverse ETFs, offering 2x and -2x daily exposure to companies such as Nvidia and Tesla.
Future of Crypto ETFs
The crypto ETF market continues to evolve. REX Shares and Tuttle Capital previously collaborated to launch 2x leveraged and inverse ETFs on MicroStrategy, signaling a growing interest and accessibility of cryptocurrency-related investment instruments. Tuttle is also planning to launch 10 new 2x leveraged ETFs based on various digital assets, including XRP and Solana.
The launch of ETF GLXU and the expansion of the T-REX lineup illustrate the growing interest in investment in crypto assets and the democratization of access to such instruments for a wider audience of investors.
