#What are the New Leveraged ETFs for Solana and XRP?
The investment landscape is evolving with the introduction of 2X leveraged ETFs for Solana and XRP. REX Shares is set to launch these funds, specifically designed to provide double exposure to the performance of these digital assets. This innovative approach aims to capture twice the daily returns of Solana and XRP.
#How Will These ETFs Work?
The T-REX 2X Long Solana Daily Target ETF and T-REX 2X Long XRP Daily Target ETF utilize swaps and derivatives rather than investing directly in the underlying assets. By employing these financial instruments, investors can access the enhanced potential of leveraged trading without directly owning Solana or XRP. The funds will hold a portion of their assets in a wholly-owned subsidiary based in the Cayman Islands, while any surplus assets will be allocated to high-quality cash instruments like U.S. Treasuries and other secure government obligations.
#What Fees Should Investors Expect?
Investors interested in these ETFs should note that they will be managed by Tuttle Capital Management, which has set an annual management fee of 1.5% of daily net assets. This competitive fee structure underscores a commitment to providing value for investors looking to enhance their trading positions in Solana and XRP.
#Why Now?
These launches follow significant developments in the ETF space, notably with REX-Osprey recently launching the first U.S. XRP-tracking ETF. The introduction of these new leveraged ETFs allows investors to potentially benefit from short-term price movements in the cryptocurrency market, which has become increasingly popular among retail investors. With trading starting soon on the Cboe BZX Exchange, this presents an opportunity for those looking to amplify their cryptocurrency exposure without directly engaging in the spots market.