New XRP and SOL ETFs from REX Shares to launch tomorrow
Crypto Briefing
REX Shares is launching two new 2X leveraged ETFs for Solana ($SOLX) and XRP ($XRPK) tomorrow.Summary
REX Shares announced the upcoming launch of two new 2X leveraged exchange-traded funds (ETFs) tracking Solana ($SOLX) and XRP ($XRPK), which will begin trading tomorrow after approval from the Cboe BZX Exchange. These funds, managed by Tuttle Capital Management, aim to deliver twice the daily return of their underlying assets by using swaps and derivatives tied to spot crypto products, rather than investing directly in spot SOL or XRP. The ETFs will charge an annual management fee of 1.5%. The prospectus notes that while these products amplify daily returns, compounding introduces risks over multi-day holding periods.
(Source：Crypto Briefing)