REX Shares and Tuttle Capital Administration have launched the T-REX 2X Lengthy Galaxy Digital Every day Goal ETF (ticker GLXU), a 2x leveraged ETF monitoring the inventory value of Galaxy Digital, the digital belongings agency co-founded and led by CEO Mike Novogratz.
REX and Tuttle added the fund to its roster of “T-REX” single-stock leveraged ETFs, alongside 24 different funds that observe common shares like Nvidia, Apple, and bitcoin treasury agency Technique.
“With the launch of GLXU, we’re providing merchants a method to take amplified views on firms on the middle of digital asset innovation,” mentioned REX COO Scott Acheychek in a press release. “This growth of the T-REX lineup underscores our dedication to constructing precision instruments for lively merchants.”
Like different single-stock leveraged ETFs, the fund is designed to be held for a interval of at some point, as longer-term holders could lose out on potential positive aspects on account of volatility decay. The fund carries an expense ratio of 1.5% per yr.
Galaxy Digital, which trades on each the Toronto Inventory Trade and Nasdaq, is a digital belongings agency that engages in proprietary buying and selling and market making and likewise facilitates massive crypto transactions for shoppers. The agency just lately offered 80,000 BTC for a Satoshi-era investor within the largest ever notional sale of bitcoin.
Galaxy’s inventory has traded largely flat on the week, after the corporate disclosed its whole belongings slid 43% to $6.3 billion over the second quarter of 2025. The corporate logged optimistic internet earnings of $30.7 million after reporting losses each within the earlier quarter and within the year-ago interval.
The inventory opened down on Friday, falling almost 5% to commerce at $27.60, in keeping with Yahoo Finance information.
Disclaimer: The Block is an impartial media outlet that delivers information, analysis, and information. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in different firms within the crypto house. Crypto trade Bitget is an anchor LP for Foresight Ventures. The Block continues to function independently to ship goal, impactful, and well timed details about the crypto trade. Listed here are our present monetary disclosures.
© 2025 The Block. All Rights Reserved. This text is offered for informational functions solely. It’s not supplied or supposed for use as authorized, tax, funding, monetary, or different recommendation.
WHO WE ARE
The Block is a information supplier that strives to be the primary and closing phrase on digital belongings information, analysis, and information.
Comply with us on Google Information