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.
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