New XRP and SOL ETFs from REX Shares to launch tomorrow
Key Takeaways
- REX Shares is launching 2X leveraged ETFs for Solana (SOLX) and XRP (XRPK) providing daily double exposure to their respective assets.
- The ETFs use swaps and options to achieve 200% leverage, are managed by Tuttle Capital Management, and do not invest directly in spot SOL or XRP.
New leveraged long XRP and Solana ETFs from REX Shares will start trading tomorrow after receiving listing and registration approval from the Cboe BZX Exchange, according to a Monday announcement.
The funds, T-REX 2X Long SOL Daily Target ETF (SOLX) and T-REX 2X Long XRP Daily Target ETF (XRPK), aim to provide investors with twice the daily return of their underlying assets by utilizing swaps and other derivatives tied to spot crypto products, as per their prospectus. They will not invest directly in spot SOL or XRP.
Each fund will invest a portion of its assets in a wholly-owned Cayman Islands subsidiary. Any excess assets are held in high-quality cash instruments, such as US Treasuries, other US government obligations, money market funds, cash, and cash-like equivalents.
The ETFs are sponsored by REX Shares and managed by Tuttle Capital Management, which will charge an annual management fee of 1.5% of each fund’s daily net assets.
The upcoming launches come after REX-Osprey, a joint ETF venture between REX Shares and Osprey Funds, launched the first US XRP-tracking ETF using a unique 1940 Act structure in September.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI Competition Heats Up: OpenAI Focuses on Enhancing ChatGPT Rather Than Broadening Its Reach
- OpenAI CEO Sam Altman launched a "code red" initiative to prioritize ChatGPT upgrades, responding to Google and Anthropic's AI advancements. - The strategy delays health/retail AI projects and focuses on personalization, speed, and reliability to retain user engagement. - Google's Gemini 3 outperformed GPT-5 in benchmarks, gaining 650M monthly users, while DeepSeek's models challenge OpenAI globally. - OpenAI relies on Nvidia/Broadcom partnerships for hardware , as Google's TPUs face competition from fle
Bitcoin News Today: MicroStrategy's 'Never Sell' Bitcoin Policy Wavers While Amassing $1.44B in Reserves
- MicroStrategy (MSTR) faces scrutiny as Bitcoin volatility cracks its "never sell" strategy, establishing a $1.44B reserve via stock sales. - CEO Michael Saylor's approach drew sharp criticism from economist Peter Schiff, who labeled him "Wall Street's biggest con man" and called the firm's Bitcoin model fraudulent. - The reserve contradicts MSTR's core narrative, with JPMorgan warning potential Nasdaq-100 index removal could trigger $9B in outflows amid a 41% stock price drop. - Saylor defends the move a
Japan Plans 20% Crypto Tax Reform to Draw Investors and Align with Stock Market Regulations
- Japan plans to cut crypto tax rates to 20%, aligning with stock market rates, to boost domestic and international investment. - The reform reclassifies digital assets as financial products under FIEA, imposing stricter regulations and banning insider trading. - A 150-token whitelist and mandatory liability reserves aim to enhance investor protection and market stability. - The changes seek to attract institutional capital by clarifying custody rules and accounting standards for crypto assets. - By harmon
ETH Futures Volume Surpasses BTC At CME
Trending news
MoreCrypto prices
More
