Long

Bitcoin

Daily

An innovative ETF provider, REX Shares and Tuttle Capital Management launched the T-REX 2X Long Bitcoin Daily Target ETF (CBOE: BTCL) and T-REX 2X Inverse Bitcoin Daily Target ETF (CBOE: BTCZ) on July 10, offering high-conviction Bitcoin traders 200% exposure to Bitcoin’s price volatility. 
Instead of holding spot Bitcoin directly, these ETFs use financial derivatives to provide leveraged or inverse exposure to Bitcoin. The launch comes amid significant inflows into Bitcoin ETFs, with $650 million flowing in since July 5, driven by recent price drops due to massive BTC liquidations by Germany’s government and the defunct Japanese exchange Mt. Gox. 
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 New T-REX ETFs are here! Seek to maximize exposure to <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> with our 2x/-2x Bitcoin Daily Target ETFs. T-REX 2X Long Bitcoin Daily Target ETF ( <a href="https://twitter.com/search?q=%24BTCL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTCL</a> ) T-REX 2X Inverse Bitcoin Daily Target ETF ( <a href="https://twitter.com/search?q=%24BTCZ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTCZ</a> ) click here for disclosures: <a href="https://t.co/Losy26jSix" target="_blank">https://t.co/Losy26jSix</a> <a href="https://t.co/LHH1uoQztc" target="_blank">pic.twitter.com/LHH1uoQztc</a>— REX Shares (@REXShares) <a href="https://twitter.com/REXShares/status/1811006783806140864?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 10, 2024</a>
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Scott Acheychek, COO of REX Financial, REX Shares’ parent company, <a href="https://www.businesswire.com/news/home/20240710680336/en/REX-Shares-and-Tuttle-Capital-Management-Launch-2X-Leveraged-and-Inverse-Spot-Bitcoin-ETPs" target="_blank" rel="noreferrer noopener nofollow">said</a>, “Bitcoin’s meteoric rise in 2024 has captured the attention of investors and traders worldwide. By launching 2X leveraged and inverse Spot Bitcoin ETFs, we’re arming traders with powerful tools to capitalize on Bitcoin’s price swings like never before.” 
In June, REX Shares’ “T-REX” lineup, now including the new Bitcoin ETFs, surpassed $5 billion in total assets under management (AUM), with over $1 billion attracted solely by the T-REX funds in the past year. 
However, leveraged ETFs often underperform compared to the underlying assets due to the constant leverage trap, which forces funds to buy low and sell high to maintain their leverage target.&nbsp; 
Additionally, these ETFs usually have high management fees. REX Shares’ new ETFs each charge a 0.95% management fee, which is significantly higher than the approximately 0.2% fees charged by spot BTC ETFs like Franklin Templeton Digital Holdings Trust (EZBC), VanEck Bitcoin Trust (HODL), and iShares Bitcoin Trust (IBIT). 
REX Shares and Tuttle Capital’s new offerings provide an aggressive way for traders to capitalize on Bitcoin’s price movements, but investors should be mindful of the higher costs and potential performance issues associated with leveraged ETFs. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/09/australias-asx-to-list-digitalx-bitcoin-etf-trading-starts-july-12/" target="_blank" rel="noreferrer noopener">Australia’s ASX to List DigitalX Bitcoin ETF, Trading Starts July 12</a> 
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REX Shares Launches 2X Bitcoin ETFs for Volatility Traders

The Crypto Times

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