T-REX 2X Long Galaxy Digital ETF Launched by REX Shares and Tuttle Capital

According to Foresight News, REX Shares and Tuttle Capital Management have introduced the T-REX 2X Long Galaxy Digital Daily Target ETF, with the ticker symbol GLXU. This ETF is designed to provide double leverage on Galaxy Digital's stock price, a digital asset company co-founded and led by Mike Novogratz. The fund is part of the "T-REX" lineup of single-stock leveraged ETFs, which now includes 24 other funds tracking popular stocks such as Nvidia, Apple, and Strategy, a Bitcoin investment company. Similar to other single-stock leveraged ETFs, the T-REX 2X Long Galaxy Digital ETF is intended for daily holding, as prolonged holding may result in diminished returns due to volatility decay. The annual fee for the fund is set at 1.5%.