ETFs

REX Shares and Tuttle Launch Leveraged Bitcoin ETFs

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9 months ago

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Bitcoin

REX Shares and Tuttle Capital Management have launched a pair of ETFs offering amplified exposure to the spot price of bitcoin, the latest products tapping into growing investor interest in digital assets.

THE ETF T-REX 2X Long Bitcoin Daily Target (BTCL) And ETF T-REX 2X Inverse Bitcoin Daily Target (BTCZ) will offer 200% and -200% leveraged and inverse exposure to bitcoin’s daily performance, according to the issuers announcement Wednesday.

“Bitcoin’s meteoric rise in 2024 has captured the attention of investors and traders around the world,” Scott Acheychek, COO of REX Financial, the parent company of REX Shares, said in the release. “By launching 2X leveraged and inverse spot Bitcoin ETFs, we are equipping traders with powerful tools to capitalize on Bitcoin’s price movements like never before.”

The exchange-traded funds come despite a 17% drop in bitcoin over the past month, which has sent the world’s largest cryptocurrency to its lowest levels since late February, although it has rebounded over the past two days. Bitcoin Spot ETF Stocks that began trading earlier this year have been on the rise over the past day, helped by a rebound in their underlying assets, generating more than $15 billion in inflows.

New Bitcoin ETFs to Amplify BTC Price Movement

“The expansion into digital assets represents a major milestone in our efforts to deliver cutting-edge ETFs tailored to the needs of modern investors,” said Matt Tuttle, CEO of Tuttle Capital Management.

“With their amplified upside and downside exposure, these Bitcoin funds embody our commitment to innovation and breaking boundaries in the ETF landscape,” he added.

Since its launch in October 2023, T-REX has now launched nine single-stock ETFs that provide exposure to major technology stocks.

Tuttle Capital Management manages six ETFs worth $15 million, while REX Shares manages two ETFs worth $327.2 million. Both companies are based in Connecticut.

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