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Traders engaged in conventional financial markets now have the chance to establish long and short positions in BTC with double the leverage.
Investment management firms REX Shares (REX) and Tuttle Capital Management (TCM) have introduced two new exchange-traded funds (ETFs): the T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (BTCZ). These funds are tailored for seasoned investors, enabling them to take advantage of BTC price fluctuations similarly to utilizing 2x leverage.
Details regarding the new funds:
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- The T-REX 2X Long Bitcoin Daily Target ETF permits holders to achieve a return equivalent to twice the daily increase in BTC’s price. For instance, if BTC appreciates by 1% in a day, the shares of the fund will increase by 2%.
- The T-REX 2X Inverse Bitcoin Daily Target ETF allows holders to earn returns equal to twice the inverse of the BTC price movement. Thus, if Bitcoin declines by 1% in a day, the fund will appreciate by 2%. Conversely, if the BTC price increases by 1%, the fund will decrease by 2%.
Although the assets are grounded in spot BTC quotes, the basis utilized is not the asset itself but rather its derivatives—swaps and futures. BTCL and BTCZ are currently accessible to market participants on the Chicago Board Options Exchange (Cboe).
The new investment offerings have been incorporated into the T-REX ETF series, which also features similar financial instruments linked to large-cap technology stocks such as Apple (AAPL), Nvidia (NVDA), and Tesla (TSLA). REX Shares’ assets under management (AUM) surpassed $5 billion in June, and T-REX funds have increased by $1 billion since the previous year.
The newly launched REX Shares cryptocurrency ETFs impose a management fee of 0.95%. In contrast, the fees for spot Bitcoin ETFs are expected to average around 0.2% once promotional discounts conclude. It is noteworthy that spot Bitcoin ETFs were introduced in the U.S. at the beginning of 2024, and as of July 11, their total capitalization has already exceeded $70 billion, according to Blockworks.
Сообщение Leveraged Bitcoin Trading Tools Appear on TradFi Market появились сначала на CoinsPaid Media.
