TL;DR

REX Shares and Tuttle Capital launched GLXU, an ETF offering 2x daily leveraged exposure to Galaxy Digital’s shares, the first of its kind in the U.S.
GLXU is part of the T-REX series, which includes over 20 leveraged and inverse ETFs focused on blockchain technology, artificial intelligence, and renewable energy.
Galaxy Digital reduced its assets by 43% in the second quarter of 2025, posted net income of $30.7 million, and its shares have risen 52% year-to-date.

REX Shares and Tuttle Capital Management introduced the T-REX 2X Long Galaxy Digital Daily Target ETF (GLXU), providing leveraged exposure at twice the daily movement of Galaxy Digital’s stock. This fund is the first in the U.S. to offer this specific leverage for the company, which operates in digital asset financial services.

The ETF belongs to the T-REX lineup, comprising more than 20 leveraged and inverse funds focused on stocks in emerging sectors like blockchain, artificial intelligence, and renewable energy.

GLXU targets investors seeking exposure to companies driving innovation in the digital market through an instrument that multiplies daily price changes. By design, the fund is intended for short-term holding since longer periods may reduce returns due to the inherent volatility of leveraged assets. The fund carries an annual expense ratio of 1.5%.

Galaxy Digital Financial Results

Galaxy Digital, founded and led by Mike Novogratz, operates in digital asset markets through proprietary trading, market making, and facilitating large crypto transactions. It trades on the Toronto Stock Exchange and Nasdaq. Recently, it reported a 43% decline in total assets during Q2 2025, down to $6.3 billion. Despite this drop, it posted positive net income of $30.7 million in the same period. Its stock price has risen 52% year-to-date, although it remained flat the week of the announcement and dropped nearly 5% in the latest session.

Scott Acheychek, COO of REX, emphasized that the ETF launch allows investors to gain precise and fast access to key companies in the digital industry. Meanwhile, Matt Tuttle, CEO of Tuttle Capital, pointed to the demand for products that provide tactical exposure in vital sectors of the modern economy, highlighting that these ETFs meet that need.

With GLXU, investors can leverage the daily performance of Galaxy Digital, taking advantage of crypto market fluctuations within a regulated financial vehicle accessible to U.S. investors

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Filed under: News - @ August 8, 2025 6:27 pm