T-REX 2X Leveraged ETF for Galaxy Digital Debuts on Cboe
REX Shares and Tuttle Capital have launched the T-REX 2X Long Galaxy Digital Daily Target ETF (GLXU) on Cboe, marking the first 2× leveraged ETF tracking Galaxy Digital Holdings stock. This leveraged ETF aims to deliver twice the daily performance of Galaxy Digital shares through a daily rebalancing mechanism.
Designed for active traders seeking amplified exposure to the digital asset sector, GLXU broadens REX’s T-REX lineup, which already includes 2× and inverse leveraged ETFs on Bitcoin (BTC) and Ethereum (ETH), as well as 2× leveraged and inverse MicroStrategy (MSTR) ETFs. Accessible via standard brokerage accounts without direct cryptocurrency holdings, this high-risk, high-reward leveraged ETF provides a precision tool for short-term bullish bets on a core crypto finance platform.
Bullish
The launch of a 2× leveraged ETF on Galaxy Digital stock (GLXU) is likely bullish for the crypto finance sector. In the short term, amplified exposure tools such as leveraged ETFs tend to attract active trading capital, boost liquidity, and increase volatility, supporting upward price momentum in related assets. Over the long term, the ETF’s accessibility via standard brokerages without direct crypto holdings can broaden investor participation and confidence in the digital asset market, potentially driving sustained demand. However, the high-risk nature may deter risk-averse investors, maintaining volatility.