REX Shares and Tuttle Capital launch first 2x leveraged ETF tracking Galaxy Digital

REX Shares and Tuttle Capital Management are teaming up to offer a new 2x leveraged exchange-traded fund tracking the shares of digital asset and data center infrastructure firm Galaxy Digital.

REX Shares, an alternative strategy exchange-traded funds and notes platform and Tuttle Capital Management, a thematic and actively managed ETFs provider, have partnered to bring to market the first 2x leveraged ETF on Galaxy Digital Holdings.

As crypto adoption ramps up and ETFs offering exposure to various crypto-related assets become more accessible, REX Shares, Tuttle Capital and some market providers are stepping up their presence.

The T-REX 2X Long Galaxy Digital Daily Target ETF, which will trade on the Cboe under the ticker GLXU, will track Galaxy Digital shares in the United States.

GLXU aims to provide bullish exposure to Galaxy Digital, emphasizing the company’s potential as a financial services platform dedicated to crypto finance. In addition to asset management and trading, Galaxy also offers investment banking services.

“With the launch of GLXU, we’re offering traders a way to take amplified views on companies at the center of digital asset innovation,” said Scott Acheychek, chief operating officer of REX Financial. “This expansion of the T-REX lineup underscores our commitment to building precision tools for active traders.” 

T-REX suite of ETFs

REX Shares’ launch of GLXU adds to the firm’s growing T-REX ETF lineup. These single-stock ETFs are designed for investors targeting short-term, amplified exposure to platforms in sectors like artificial intelligence, blockchain, and energy.

The T-REX ETF suite includes both leveraged and inverse ETFs, offering 2x and -2x daily exposure to U.S.-listed companies such as Nvidia, Tesla, and Strategy. It also offers products tied to spot crypto assets such as Bitcoin (BTC) and Ethereum (ETH).

REX Shares and Tuttle Capital also partnered to debut the 2x leveraged and inverse MicroStrategy ETFs in September 2024. Meanwhile, Tuttle filed for 2x leveraged ETFs across 10 digital assets in January 2025, with tokens such as XRP, Solana, Litecoin and Cardano.