A new tool for crypto traders: launch of the T-REX 2 × Long Galaxy Digital (GLXU) fund
REX Shares, in partnership with Tuttle Capital Management, has just unveiled the T-REX 2 × Long Galaxy Digital Daily Target ETF, ticker GLXU, a first in the United States: a 2× leveraged ETF on Galaxy Digital stock (GLXY) businesswire.comcrypto.newsAInvest.
Launched on the Cboe platform, this fund is part of the T-REX range, a series of over 20 leveraged and inverse ETFs, covering key stocks like Tesla, Nvidia, as well as digital assets like Bitcoin and Ether businesswire.comcrypto.newsCrypto Economy.
Scott Acheychek, Chief Operating Officer of REX Financial, emphasizes that GLXU offers traders amplified exposure to the innovators in digital assets, reflecting their commitment to providing precise tools for active strategies businesswire.comcrypto.news. For his part, Matt Tuttle (CEO of Tuttle Capital) notes a steady demand from investors seeking quick tactical exposures, which this type of product can satisfy with great precision businesswire.comcrypto.news.
On the technical side, GLXU aims for 200% of the daily performance of Galaxy Digital stock (before fees and expenses) — a powerful leverage, but to be handled with caution. It is specially designed for very short-term positions, as daily rebalancing can cause a degradation of returns over extended durations REX SharesAInvestCrypto Economy.
Finally, if Galaxy Digital is going through a volatile phase — with a decrease of about 43% of its assets in the second quarter of 2025, to $6.3 billion — it nevertheless reports a net profit of $30.7 million, marking a recovery after several loss-making quarters BlockonomiCrypto Economy.
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