On July 10, investment firms REX Shares and Tuttle Capital Management introduced two new exchange-traded funds (ETFs) aimed at traders looking for high leverage on Bitcoin. These ETFs provide 200% exposure to Bitcoin’s price swings, either amplifying gains or losses.
The two new funds are the T–REX 2X Long Bitcoin Daily Target ETF (CBOE: BTCL) and the T–REX 2X Inverse Bitcoin Daily Target ETF (CBOE: BTCZ). Unlike traditional ETFs, these funds do not hold Bitcoin directly but use financial derivatives to achieve twice the leverage or inverse exposure to Bitcoin’s price movements.
Bitcoin ETFs have recently attracted significant investment, especially following a drop in Bitcoin’s spot price due to major sell-offs by Germany’s government and the defunct Mt. Gox exchange. Since July 5, around $650 million has flowed into Bitcoin ETFs, reflecting strong investor interest.
Summary Review: REX Shares and Tuttle Capital Management have introduced two new Bitcoin ETFs that provide high-leverage trading options. The T–REX 2X Long Bitcoin Daily Target ETF (CBOE: BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (CBOE: BTCZ) offer 200% exposure to Bitcoin’s price movements, allowing traders to amplify their positions. These ETFs use financial derivatives to achieve this leverage, rather than holding Bitcoin directly. The launch aligns with growing investor interest in Bitcoin ETFs, spurred by recent market volatility and significant sell-offs. Since early July, $650 million has been invested in Bitcoin ETFs, reflecting heightened trading activity and market engagement.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
