On July 11, CoinWorld reported that REX Shares has submitted an application to the U.S. SEC for the 'T-REX 2X Long TRON Daily Target ETF.' The document states that the fund 'aims to achieve daily leveraged investment returns,' which is significantly different from other ETFs. The document claims: 'Therefore, the risk of this fund may be higher than that of similar products that do not use leverage strategies, as its goal is to amplify (200%) the daily performance of TRON.' The document also mentions, 'The fund will utilize total return swap agreements to gain exposure to exchange-traded funds or other exchange-traded products that invest in TRON spot or TRON derivatives (such as swaps or futures contracts).' The fund is initiated by REX Shares, LLC, and no custodian has been listed yet.