T-Rex Challenges ProShares’ BITO With Double-Leveraged Bitcoin ETF Launch 🚨
Shares has captured investor attention with its latest addition to the T-REX ETF suite. Notably, the launch of the T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (BTCZ) marks a significant move in the crypto investment landscape. These new products promise to offer investors amplified exposure to Bitcoin’s daily performance
In addition, this launch is timely, coinciding with a dynamic period in the cryptocurrency market. The debut of Spot Bitcoin ETFs in January has spurred trading volumes and optimism for digital assets.
In the past six months, Spot Bitcoin ETFs have accumulated nearly $50 billion in assets. This massive influx into the U.S. Spot Bitcoin ETF has also pushed BTC to a record high in March, breaking the $70,000 mark.
Meanwhile, Matt Tuttle, CEO of Tuttle Capital Management, expressed excitement about expanding into digital assets. He lauded this development as a major milestone for the firm, as it aims to offer “cutting-edge ETFs” for specific investors’ requirements. Besides, he emphasized the innovative nature of these funds, designed to provide investors with both amplified upside and downside exposure.
