The post New XRP and SOL ETFs from REX Shares to launch tomorrow appeared on BitcoinEthereumNews.com. Key Takeaways REX Shares is launching 2X leveraged ETFs for Solana (SOLX) and XRP (XRPK) providing daily double exposure to their respective assets. The ETFs use swaps and options to achieve 200% leverage, are managed by Tuttle Capital Management, and do not invest directly in spot SOL or XRP. New leveraged long XRP and Solana ETFs from REX Shares will start trading tomorrow after receiving listing and registration approval from the Cboe BZX Exchange, according to a Monday announcement. T-REX 2X $SOL and $XRP ETFs are launching tomorrow! Amplify your Solana and XRP trades with 2X leveraged exposure to spot through: T-REX 2X Long SOL Daily Target ETF, $SOLXT-REX 2X Long XRP Daily Target ETF, $XRPK Access Funds Prospectus Here:https://t.co/MCQ5lo2hgC pic.twitter.com/ZLjWQlFJZz — REX Shares (@REXShares) December 1, 2025 The funds, T-REX 2X Long SOL Daily Target ETF (SOLX) and T-REX 2X Long XRP Daily Target ETF (XRPK), aim to provide investors with twice the daily return of their underlying assets by utilizing swaps and other derivatives tied to spot crypto products, as per their prospectus. They will not invest directly in spot SOL or XRP. Each fund will invest a portion of its assets in a wholly-owned Cayman Islands subsidiary. Any excess assets are held in high-quality cash instruments, such as US Treasuries, other US government obligations, money market funds, cash, and cash-like equivalents. The ETFs are sponsored by REX Shares and managed by Tuttle Capital Management, which will charge an annual management fee of 1.5% of each fund’s daily net assets. The upcoming launches come after REX-Osprey, a joint ETF venture between REX Shares and Osprey Funds, launched the first US XRP-tracking ETF using a unique 1940 Act structure in September. Source: https://cryptobriefing.com/leveraged-xrp-sol-etfs-launch/The post New XRP and SOL ETFs from REX Shares to launch tomorrow appeared on BitcoinEthereumNews.com. Key Takeaways REX Shares is launching 2X leveraged ETFs for Solana (SOLX) and XRP (XRPK) providing daily double exposure to their respective assets. The ETFs use swaps and options to achieve 200% leverage, are managed by Tuttle Capital Management, and do not invest directly in spot SOL or XRP. New leveraged long XRP and Solana ETFs from REX Shares will start trading tomorrow after receiving listing and registration approval from the Cboe BZX Exchange, according to a Monday announcement. T-REX 2X $SOL and $XRP ETFs are launching tomorrow! Amplify your Solana and XRP trades with 2X leveraged exposure to spot through: T-REX 2X Long SOL Daily Target ETF, $SOLXT-REX 2X Long XRP Daily Target ETF, $XRPK Access Funds Prospectus Here:https://t.co/MCQ5lo2hgC pic.twitter.com/ZLjWQlFJZz — REX Shares (@REXShares) December 1, 2025 The funds, T-REX 2X Long SOL Daily Target ETF (SOLX) and T-REX 2X Long XRP Daily Target ETF (XRPK), aim to provide investors with twice the daily return of their underlying assets by utilizing swaps and other derivatives tied to spot crypto products, as per their prospectus. They will not invest directly in spot SOL or XRP. Each fund will invest a portion of its assets in a wholly-owned Cayman Islands subsidiary. Any excess assets are held in high-quality cash instruments, such as US Treasuries, other US government obligations, money market funds, cash, and cash-like equivalents. The ETFs are sponsored by REX Shares and managed by Tuttle Capital Management, which will charge an annual management fee of 1.5% of each fund’s daily net assets. The upcoming launches come after REX-Osprey, a joint ETF venture between REX Shares and Osprey Funds, launched the first US XRP-tracking ETF using a unique 1940 Act structure in September. Source: https://cryptobriefing.com/leveraged-xrp-sol-etfs-launch/

New XRP and SOL ETFs from REX Shares to launch tomorrow

2025/12/02 08:54

Key Takeaways

  • REX Shares is launching 2X leveraged ETFs for Solana (SOLX) and XRP (XRPK) providing daily double exposure to their respective assets.
  • The ETFs use swaps and options to achieve 200% leverage, are managed by Tuttle Capital Management, and do not invest directly in spot SOL or XRP.

New leveraged long XRP and Solana ETFs from REX Shares will start trading tomorrow after receiving listing and registration approval from the Cboe BZX Exchange, according to a Monday announcement.

The funds, T-REX 2X Long SOL Daily Target ETF (SOLX) and T-REX 2X Long XRP Daily Target ETF (XRPK), aim to provide investors with twice the daily return of their underlying assets by utilizing swaps and other derivatives tied to spot crypto products, as per their prospectus. They will not invest directly in spot SOL or XRP.

Each fund will invest a portion of its assets in a wholly-owned Cayman Islands subsidiary. Any excess assets are held in high-quality cash instruments, such as US Treasuries, other US government obligations, money market funds, cash, and cash-like equivalents.

The ETFs are sponsored by REX Shares and managed by Tuttle Capital Management, which will charge an annual management fee of 1.5% of each fund’s daily net assets.

The upcoming launches come after REX-Osprey, a joint ETF venture between REX Shares and Osprey Funds, launched the first US XRP-tracking ETF using a unique 1940 Act structure in September.

Source: https://cryptobriefing.com/leveraged-xrp-sol-etfs-launch/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Crypto whale loses $6M to sneaky phishing scheme targeting staked Ethereum

Crypto whale loses $6M to sneaky phishing scheme targeting staked Ethereum

The post Crypto whale loses $6M to sneaky phishing scheme targeting staked Ethereum appeared on BitcoinEthereumNews.com. A crypto whale lost more than $6 million in staked Ethereum (stETH) and Aave-wrapped Bitcoin (aEthWBTC) after approving malicious signatures in a phishing scheme on Sept. 18, according to blockchain security firm Scam Sniffer. According to the firm, the attackers disguised their move as a routine wallet confirmation through “Permit” signatures, which tricked the victim into authorizing fund transfers without triggering obvious red flags. Yu Xian, founder of blockchain security company SlowMist, noted that the victim did not recognize the danger because the transaction required no gas fees. He wrote: “From the victim’s perspective, he just clicked a few times to confirm the wallet’s pop-up signature requests, didn’t spend a single penny of gas, and $6.28 million was gone.” How Permit exploits work Permit approvals were originally designed to simplify token transfers. Instead of submitting an on-chain approval and paying fees, a user can sign an off-chain message authorizing a spender. That efficiency, however, has created a new attack surface for malicious players. Once a user signs such a permit, attackers can combine two functions—Permit and TransferFrom—to drain assets directly. Because the authorization takes place off-chain, wallet dashboards show no unusual activity until the funds move. As a result, the assets are gone when the approval executes on-chain, and tokens are redirected to the attacker’s wallet. This loophole has made permit exploits increasingly attractive for malicious actors, who can siphon millions without needing complex hacks or high-cost gas wars. Phishing losses The latest theft highlights a wider trend of escalating phishing campaigns. Scam Sniffer reported that in August alone, attackers stole $12.17 million from more than 15,200 victims. That figure represented a 72% jump in losses compared with July. According to the firm, the most significant share of August’s damages came from three large accounts that accounted for nearly half…
Share
BitcoinEthereumNews2025/09/19 02:31
Michigan moves ahead with strategic crypto reserve bill

Michigan moves ahead with strategic crypto reserve bill

The post Michigan moves ahead with strategic crypto reserve bill appeared on BitcoinEthereumNews.com. Michigan lawmakers are advancing a proposal that would allow the state to establish a strategic crypto reserve, as the Midwestern state joins other US jurisdictions considering digital assets for public investment.  The proposed legislation, known as House Bill 4087, moved to a second reading on Thursday and was referred to the Committee on Government Operations. It was introduced in February by Republican Representatives Bryan Posthumus and Ron Robinson, who are asking the House to amend the Michigan Management and Budget Act.  “Michigan can and should join Texas in leading on crypto policy by signing into law my bill creating the Michigan Crypto Strategic Reserve,” Posthumus wrote on X at the time of its introduction. If passed, the state treasurer’s authority will be allowed to allocate up to 10% of funds from Michigan’s countercyclical budget and economic stabilization fund into crypto. Michigan government could become crypto holders House Bill 4087 allows the state to maintain its digital assets in three possible ways: through a secure custody solution, through a qualified custodian such as a bank, trust company, or state-regulated firm, or by acquiring exchange-traded products (ETPs) from registered investment companies. House Bill 4086 and 4087. Source: Michigan legislation website. Security procedures for the crypto holdings include exclusive government control over private keys, end-to-end encryption of all data, and the prohibition of access via smartphones.  Michigan-owned digital assets’ information will be stored in secure data centers in different locations within the state. At the same time, transactions would require multiparty authorization, in addition to regular independent security audits. The bill allows the state to loan out crypto to generate additional revenue, provided that such activity does not increase exposure to financial risk.  House Bill 4086, which was also introduced during the same month by Representatives Alabas Farhat, Ron Robinson, and…
Share
BitcoinEthereumNews2025/09/19 17:49