T-Rex has filed with the SEC for six new leveraged and inverse Bitcoin ETFs, including 1.5x, 1.75x, and 2x options.
These ETFs will initially reference the yet-to-be-launched iShares Spot Bitcoin ETF, marking a significant development in cryptocurrency investment products.
Introducing a New Range of Bitcoin ETFs
T-Rex, in a strategic expansion of its product portfolio, has submitted applications for a series of six leveraged and inverse Bitcoin Exchange-Traded Funds (ETFs). This development, as reported by ETF analyst Henry Jim at Bloomberg, represents a significant innovation in the cryptocurrency investment sphere.
The Mechanics of the New ETFs
These ETFs, scheduled to become effective on March 18, 2024, are designed to offer investors varied leverage options, including 1.5x, 1.75x, and 2x, both in leveraged and inverse forms. Leveraged ETFs aim to provide returns that are multiples of the performance of the underlying asset (in this case, Bitcoin), while inverse ETFs seek to provide returns that are opposite to the performance of Bitcoin.
T-Rex files 6 leveraged and inverse Bitcoin ETFs
T-Rex 1.5X Inverse Spot Bitcoin Daily Target ETF
T-Rex 1.5X Long Spot Bitcoin Daily Target ETF
T-Rex 1.75X Inverse Spot Bitcoin Daily Target ETF
T-Rex 1.75X Long Spot Bitcoin Daily Target ETF
T-Rex 2X Inverse Spot Bitcoin Daily Target ETF
T-Rex 2X Long Spot Bitcoin Daily Target ETF
Tickers/fees TBA
Effective Date: Mar 18, 2024
All use the yet-to-be launched iShares Spot Bitcoin ETF as initial reference ETF, but reserves right to use other spot Bitcoin ETFs.
Filings here:
1.5X https://sec.gov/Archives/edgar/data/1396092/000199937124000043/trex15x-485apos_010324.htm
1.75X https://sec.gov/Archives/edgar/data/1396092/000199937124000045/trex175x-485apos_010304.htm
2X https://sec.gov/Archives/edgar/data/1396092/000199937124000047/trex2x-485apos_010324.htm
@bitcoinetf @bitcoin #btc @crypto @TuttleCapital https://twitter.com/ETFhearsay/status/1742664054492045314/photo/1
— ETF Hearsay by Henry Jim (@ETFhearsay) Jan 4, 2024
The initial reference for these ETFs will be the iShares Spot Bitcoin ETF, which is yet to be launched. However, T-Rex reserves the right to reference other spot Bitcoin ETFs as necessary, providing flexibility in their approach to tracking Bitcoin’s market movements.
A Groundbreaking Initiative in Crypto Investments
This move by T-Rex is groundbreaking in the sense that it offers investors a more diversified way to engage with the Bitcoin market, allowing for both bullish and bearish positions with varying degrees of leverage. The introduction of these leveraged and inverse ETFs could potentially attract a broader range of investors, from those seeking aggressive growth opportunities to those looking to hedge against Bitcoin’s volatility.
Regulatory Landscape and Market Implications
The filing of these ETFs comes at a time when the cryptocurrency market is witnessing increasing interest from institutional investors and a greater push for regulatory clarity. With major financial players like Fidelity also filing for their spot Bitcoin ETFs, the landscape is rapidly evolving to accommodate more sophisticated cryptocurrency investment vehicles.
As the market anticipates the SEC’s response to these filings, the introduction of leveraged and inverse Bitcoin ETFs by T-Rex could mark a new chapter in the evolution of cryptocurrency investments, offering enhanced flexibility and exposure options for investors navigating the dynamic world of digital assets.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
