Bitcoin ETF

Bitcoin

Rex Shares has captured investor attention with its latest addition to the T-REX ETF suite. Notably, the launch of the T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (BTCZ) marks a significant move in the crypto investment landscape. These new products promise to offer investors amplified exposure to Bitcoin’s daily performance. 
Meanwhile, Bloomberg analyst Eric Balchunas has lauded the event and anticipates the newly launched ETFs to challenge Proshares’ dominance in the space. 
<h2 id="t-rex-launches-new-2x-leveraged-bitcoin-etf">T-Rex Launches New 2X Leveraged Bitcoin ETF</h2> 
Eric Balchunas, a senior Bloomberg ETF analyst, praised the launch, predicting that these new ETFs will challenge the dominance of ProShares and VolShares. Balchunas highlighted the growing interest in leveraged Bitcoin ETFs, noting that existing products from ProShares and VolShares already have around $2 billion in combined assets. 
Meanwhile, the press release from <a rel="nofollow" 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">Rex Shares</a> emphasized the potential of the new ETFs to help investors capitalize on Bitcoin’s volatility. Scott Acheychek, COO of REX Financial, the parent company of Rex Shares, remarked on Bitcoin’s impressive performance this year. 
“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,” Acheychek said. 
In addition, this launch is timely, coinciding with a dynamic period in the <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener">cryptocurrency</a> market. The debut of Spot Bitcoin ETFs in January has spurred trading volumes and optimism for digital assets. 
In the past six months, Spot Bitcoin ETFs have accumulated nearly $50 billion in assets. This massive influx into the <a href="https://coingape.com/major-investment-advisor-dives-into-blackrock-bitcoin-etf/" target="_blank" rel="noopener">U.S. Spot Bitcoin ETF</a> has also pushed BTC to a record high in March, breaking the $70,000 mark. 
Meanwhile, Matt Tuttle, CEO of Tuttle Capital Management, expressed excitement about expanding into digital assets. He lauded this development as a major milestone for the firm, as it aims to offer “cutting-edge ETFs” for specific investors’ requirements. Besides, he emphasized the innovative nature of these funds, designed to provide investors with both amplified upside and downside exposure. 
Also Read: <a href="https://coingape.com/bitcoin-xrp-in-focus-ahead-of-big-us-crypto-political-events-heres-why/" target="_blank" rel="noopener">Bitcoin And XRP In Focus Ahead Of Big US Crypto-Political Events, Here’s Why</a> 
<h2 id="a-closer-look-into-the-report">A Closer Look Into The Report</h2> 
The introduction of the T-REX 2X Long and Inverse Bitcoin ETFs adds to Rex Shares’ growing portfolio, which now includes nine innovative products since its launch in October 2023. These new ETFs reflect a broader trend of increased interest in leveraged and inverse crypto products. 
Notably, they offer sophisticated investors new ways to engage with the market, potentially increasing trading activity and liquidity. However, investors will be closely monitoring the performance of these new ETFs. 
Meanwhile, the ability to gain double exposure to Bitcoin’s price movements, whether bullish or bearish, provides an attractive proposition for those looking to maximize their returns or hedge their positions. This move by Rex Shares underscores the ongoing evolution and maturation of the crypto investment space, where new products and strategies continue to emerge. 
Besides, the news also comes amid a robust inflow into <a href="https://coingape.com/blackrock-ibit-scoops-another-2134-btc-bitcoin-etf-inflows-continue/" target="_blank" rel="noopener">Bitcoin ETFs</a> recently, after a gloomy week over the past few days. This news, along with the significant inflow into the investment instrument has further caught the eyes of the investors. 
Also Read: <a href="https://coingape.com/judge-issues-orders-binance-sec-for-motions-to-amend-ruling/" target="_blank" rel="noopener">Judge Issues Key Orders In Binance Vs SEC For Motions To Amend Ruling</a> 
The post <a href="https://coingape.com/t-rex-challenges-proshares-bito-with-double-leveraged-bitcoin-etf-launch/">T-Rex Challenges ProShares’ BITO With Double-Leveraged Bitcoin ETF Launch</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

T-Rex Challenges ProShares’ BITO With Double-Leveraged Bitcoin ETF Launch

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