New Bitcoin ETFs Launched Offering 200% Leveraged Exposure


REX Shares and Tuttle Capital Management have unveiled a new set of ETFs designed to deliver amplified exposure to the spot price of bitcoin, capitalizing on the growing interest in digital assets among investors. The T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (BTCZ) will offer 200% and -200% leveraged and inverse exposure to bitcoin’s daily performance, according to an announcement made on Wednesday.

“Bitcoin’s meteoric rise in 2024 has garnered considerable attention from investors and traders globally,” noted Scott Acheychek, chief operating officer of REX Financial, the parent company of REX Shares. “By introducing 2X leveraged and inverse spot bitcoin ETFs, we are equipping traders with potent tools to exploit Bitcoin’s price volatility like never before.”

Follow us on Google News! ✔️

The debut of these exchange-traded funds comes despite a recent 17% decline in bitcoin’s value over the past month, which had driven the world’s largest cryptocurrency to its lowest levels since late February. However, bitcoin has seen a rally over the last two days. The 11 spot bitcoin ETFs that started trading earlier this year have experienced a surge in inflows over the past day as their underlying asset began to rebound, amassing more than $15 billion in investments.

“Expanding into digital assets marks a significant milestone as we aim to deliver advanced ETFs tailored to modern investor needs,” said Matt Tuttle, CEO of Tuttle Capital Management. “These Bitcoin funds, with their enhanced upside and downside exposure, exemplify our dedication to innovation and to pushing the frontiers of the ETF landscape.”

Since its inception in October 2023, T-REX has now introduced nine single-stock ETFs that offer exposure to major tech stocks. Tuttle Capital Management currently oversees six ETFs valued at $15 million, whereas REX Shares manages two ETFs worth $327.2 million. Both firms are headquartered in Connecticut.