REX Shares Launches Leveraged ETFs for Solana and XRP
- REX Shares is introducing 2X leveraged ETFs for Solana (SOLX) and XRP (XRPK), offering daily double exposure to their respective assets.
- The ETFs achieve 200% leverage using swaps and options, managed by Tuttle Capital Management.
- These funds do not invest directly in spot SOL or XRP but utilize derivatives linked to the spot crypto products.
- A portion of each fund’s assets will be invested in a wholly-owned Cayman Islands subsidiary.
- Excess assets are held in high-quality cash instruments like US Treasuries, government obligations, and money market funds.
The new leveraged ETFs from REX Shares provide investors with twice the daily returns of Solana and XRP through derivative-based strategies, without direct investment in the underlying cryptocurrencies.
Source (3.2)https://cryptobriefing.com/leveraged-xrp-sol-etfs-launch/?rand=59535
