What are REX Shares' Leveraged and Inverse Bitcoin ETFs and How Do They Work?

 In Resources
REX Shares has launched two new Bitcoin ETFs, the T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (BTCZ), designed for active traders seeking leveraged exposure to Bitcoin’s price movements. These innovative ETFs, which began trading on July 10, 2024, work by tracking spot Bitcoin prices for more precise performance, can be traded through standard brokerage accounts, and have a competitive 0.95% expense ratio. BTCL aims to deliver 200% of Bitcoin’s daily positive performance, while BTCZ seeks to provide 200% of the inverse of Bitcoin’s daily performance, primarily using financial instruments like swaps based on spot Bitcoin prices without directly holding Bitcoin.

Frequently Asked Questions

1 What leveraged and inverse Bitcoin ETFs are available through REX Shares?

REX Shares offers BTCL, which provides +2X daily leveraged exposure to Bitcoin, and BTCZ, which offers -2X daily inverse exposure to Bitcoin. These ETFs are designed for sophisticated investors seeking to potentially maximize their daily Bitcoin strategy.

2 How do T-REX Leveraged ETFs generally work?

T-REX Leveraged ETFs aim to provide daily leveraged (+2X) or inverse (-2X) exposure to their underlying assets. This means they are designed to return two times the daily performance of the underlying asset, or two times the inverse of its daily performance, before fees and expenses.

3 Beyond Bitcoin, what other cryptocurrency-related ETPs does REX Shares offer?

REX Shares offers a range of other cryptocurrency-related ETPs, including ETU for +2X daily Ether exposure. They also provide MicroSectors Crypto REX-Osprey™ ETFs like SSK (SOL + Staking ETF), XRPR (XRP ETF), and DOJE (DOGE ETF).