Key dealers
- The T-Rex group applied for a leverage ETF, which was aimed at 200% of TRON’s daily performance.
- ETF uses swaps and options to get exposure, at high risk and not for direct faith investment.
Rex shares seek approval for a new investment product that offers double the daily return on faith (TRX), the original asset in faith Network, by utilized exposure, according to a new Sec File.
The future fund, called T-Rex 2x Long Tron Daily Target ETF, will have a management fee of 1.5%. It will not invest directly in the faith but will have exposure through swaps, call options and investments in Tron-based ETFs.
The new archiving comes in the midst of a growing interest in crypto investment products. In addition to Bitcoin, asset managers also see to diversify their offers with other large assets such as Ethereum, XRP, Solana and TRX to name a few.
Canyrecapital archived to launch a TRX ETF in the United States in April, with the goal of giving investors exposure to Ton’s native token and investing rewards. The proposed ETF would be listed on CBOE BZX Exchange, with Bitgo Trust Company appointed as the Fund’s guardian.
SEC has officially acknowledged the filing 19B-4, and the application is examined, with a decision expected at the end of 2025.
