T-REX offers investors leveraged exposure to Bitcoin’s performance with the new T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (BTCZ).
Eric Balchunas, a senior Bloomberg ETF analyst, expressed his enthusiasm for the inauguration and foresaw that these new ETFs would challenge the dominance of ProShares and VolShares.
Balchunas emphasized the increasing demand for leveraged Bitcoin ETFs, noting that the combined assets of existing products from ProShares and VolShares already account for approximately $2 billion.
In the interim, Rex Shares’ press release underscored the potential of the new ETFs to assist investors in capitalizing on the volatility of Bitcoin. Scott Acheychek, the Chief Operating Officer of REX Financial, the parent company of Rex Shares, made a statement regarding Bitcoin’s remarkable performance this year.
“We are providing traders with unparalleled opportunities to profit from Bitcoin’s price fluctuations through the introduction of 2X leveraged and inverse Spot Bitcoin ETFs,” announced Acheychek.
Furthermore, this introduction is reasonable, as it coincides with a dynamic period in the cryptocurrency market. The introduction of Spot Bitcoin ETFs in January has increased trading volumes and fueled optimism regarding digital assets.
Spot Bitcoin ETFs have amassed nearly $50 billion in assets over the past six months. BTC reached a record high in March, surpassing the $70,000 threshold due to the significant influx into the U.S. Spot Bitcoin ETF.
In the interim, Matt Tuttle, CEO of Tuttle Capital Management, indicated enthusiasm for diversifying into digital assets. He praised this development as a significant milestone for the firm, as it is committed to providing “state-of-the-art ETFs” that cater to the specific needs of investors. Additionally, he underscored the innovative nature of these funds, which are custom-made to offer investors both enhanced upside and adverse exposure.
About the Report
Rex Shares’ portfolio has expanded to include nine innovative products since its inception in October 2023 with the addition of the T-REX 2X Long and Inverse Bitcoin ETFs. These new ETFs indicate a general trend of heightened interest in inverse and leveraged crypto products.
It is important to note that they provide sophisticated investors with novel opportunities to interact with the market, potentially increasing trading activity and liquidity. Despite this, investors will be intently monitoring the performance of these new ETFs.
In the meantime, the capacity to acquire double exposure to Bitcoin’s price fluctuations, whether bullish or bearish, presents an appealing opportunity for investors who wish to optimize their returns or protect their positions.
This action by Rex Shares is a testament to the crypto investment sector’s continuous development and maturation as new strategies and products emerge.
Additionally, the announcement arrives amid a substantial inflow into Bitcoin ETFs in recent weeks, following a bleak week over the past few days. This news, in conjunction with the considerable inflow into the investment instrument, has further captivated the attention of investors.
