REX Shares Launches New Leveraged XRP and Solana ETFs Tomorrow

CryptoFrontNews
XRP-1,23%
SOL-0,69%

REX Shares’ SOLX & XRPK ETFs provide 2X daily returns via swaps, not direct crypto holdings.

SSK ETF integrates JitoSOL, enabling tradeable staked SOL while earning native rewards.

Leveraged ETFs expand regulated crypto access, boosting liquidity, capital efficiency, and investor exposure.

Investors looking for amplified crypto exposure should act quickly as REX Shares is set to launch new leveraged ETFs tomorrow on the Cboe BZX Exchange. The T-REX 2X Long SOL Daily Target ETF (SOLX) and T-REX 2X Long XRP Daily Target ETF (XRPK) aim to deliver twice the daily return of their underlying assets

Besides offering aggressive growth potential, these funds employ swaps and other derivatives tied to spot Solana and XRP, rather than investing directly in the cryptocurrencies.

According to REX Shares, “T-REX 2X $SOL and $XRP ETFs are launching tomorrow! Amplify your Solana and XRP trades with 2X leveraged exposure to spot.” Each fund will invest a portion of its assets in a wholly-owned Cayman Islands subsidiary, while excess assets will be held in high-quality cash instruments like US Treasuries and money market funds. Additionally, Tuttle Capital Management will manage the ETFs, charging a 1.5% annual fee on daily net assets.

Expanding Crypto Exposure Through Traditional Investment Vehicles

The new leveraged ETFs follow the successful launch of the REX-Osprey Solana + Staking ETF (SSK), which integrates JitoSOL, a leading liquid staking token on Solana. Since its launch on July 2, SSK surpassed $100 million in assets under management, showcasing strong investor appetite for crypto exposure through conventional accounts

Greg King, CEO of REX Financial & Osprey Funds, noted, “With SSK, REX-Osprey was the first to introduce crypto staking rewards to a U.S. ETF.” By integrating JitoSOL, the ETF enhances liquidity while continuing to deliver native Solana staking rewards.

JitoSOL allows staked SOL to remain tradeable while earning on-chain rewards, boosting capital efficiency without sacrificing transparency

Thomas Uhm, Chief Commercial Officer of the Jito Foundation, said, “Liquid staking tokens like JitoSOL help solve critical challenges around yield optimization and redemption risk, while offering liquidity, capital efficiency, and infrastructure compatibility ETF issuers need.” This positions staked assets for broader adoption in traditional financial products.

The post REX Shares Launches New Leveraged XRP and Solana ETFs Tomorrow appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Ripple Former CTO Discloses First XRP Email: 1,000 Tokens Worth $1,530 Today

On March 18, Ripple Chief Technology Officer David Schwartz shared the first email he received in 2013 mentioning XRP, showcasing XRP's early development. In the email, Vinnie Falco requested an XRP transfer, revealing the preliminary state of the crypto market at that time and the spirit of technical exploration. Falco later joined Ripple and made significant contributions to system development. This email reflects the early culture of the XRP community and technical accumulation, highlighting XRP's evolution from its inception to the present day.

GateNews49m ago

A certain CEX's trading volume reached $1.443 billion in the past 24 hours, with XRP, BTC, and ETH ranking in the top three.

According to Gate News, on March 18th, a certain CEX's trading volume was $1.443 billion, down 42.67%. The top five tokens were XRP, BTC, ETH, POLYX, and BTT, with trading volume shares of 12.90%, 7.95%, 6.91%, 6.10%, and 4.90% respectively.

GateNews50m ago

XRP Ledger Activity Surges as Price Holds Near Key Resistance

Key Insights XRP Ledger processed over 2.5 million transactions in 24 hours, reflecting rising network engagement while the asset price remained stable near resistance. XRP price holds near $1.41 while forming higher lows, indicating buyers continue supporting the asset despite repeated resis

CryptoFrontNews51m ago

Crypto Price Prediction for Today, March 18: Ethereum, XRP, Solana

Crypto markets have continued to show renewed strength across several major assets, and price action in Ethereum, XRP, and Solana shows how quickly momentum can build when liquidity returns. Ethereum pushed firmly into the mid $2,300 region after a strong weekly move. XRP broke out of a

CaptainAltcoin51m ago

SEC Formally Recognizes XRP as Digital Commodity, Ripple Chief Legal Officer Confirms Long-Term Non-Security Status

Ripple Chief Legal Officer Stuart Alderoty welcomes the SEC's latest guidance, classifying XRP as a digital commodity rather than a security, ending regulatory disputes. The document provides a clear framework for the digital asset market, boosting market confidence, promoting long-term XRP adoption, and supporting the development of the Ripple ecosystem.

GateNews53m ago

Ripple Firmly Supports XRP, Research Report Reveals Irreplaceable Position of Its Payment Network

A latest research report indicates that XRP remains the core of Ripple's cross-border payment infrastructure, serving as a liquidity bridge. Even with the launch of the stablecoin RLUSD, XRP remains irreplaceable in value exchange and transaction speed. Ripple is positioning it as a bridge for central bank digital currencies, enhancing long-term market confidence.

GateNews56m ago
Comment
0/400
No comments