REX Shares Launch 2X ETF Amid Galaxy Asset Drop

- REX Shares unveils 2X leveraged ETF tracking Galaxy Digital stock. - Fund targets short-term traders amid Galaxy Digital’s mixed financial results. On August 8, 2025, REX Shares and Tuttle Capital Management announced the T-REX 2X Long Galaxy Digital Daily Target ETF (GLXU), a leveraged exchange-traded fund (ETF) that offers twice the daily performance of Galaxy Digital’s stock. According to a report from The Block on August 8, the fund is designed for short-term traders, while Business Wire noted its 1.5% expense ratio. The fund joins the broader “T-REX” series of leveraged single-stock ETFs, which also tracks major companies such as NVIDIA and Apple. Analysts believe GLXU is a strategic offering, highlighting a growing appetite for specialized financial instruments in the ETF market. GLXU’s debut aligns with the second-quarter financial results from Galaxy Digital Holdings Ltd. The firm reported a 43% decline in total assets to $6.3 billion, although it still achieved a net income of $30.7 million. These mixed results present traders with an intriguing combination of volatility and opportunity, which they can leverage through GLXU. This ETF launch occurs amid heightened market volatility and reflects a growing demand for targeted trading tools. For instance, on August 8, CoinMarketCap data showed Bitcoin (BTC) valued at $116,850.49, an increase of 0.32%. The introduction of funds like GLXU demonstrates how the digital asset and financial sectors continue to adapt to such market shifts.