Doubled-Up Exchange-Traded Fund (ETF) from REX Shares Centers on Shares of Galaxy Digital Corporation
In the world of ETFs, REX Shares and Tuttle Capital Management have recently launched a new product that aims to shake things up. The T-REX 2X Long Galaxy Digital Daily Target ETF (GLXU) was unveiled on August 8, 2025, and it's designed to deliver twice the daily performance of Galaxy Digital Holdings Ltd. (GLXY) stock.
Scott Acheychek, COO of REX Shares, stated that this expansion underscores their commitment to building precision tools for active traders. The product targets traders seeking amplified exposure to companies driving digital asset innovation, such as Galaxy Digital.
The ETF, which has a passive management style, carries a relatively high expense ratio of 1.50%. As of August 11, 2025, its assets under management (AUM) were approximately $2.93 million, up from initial levels around $250,000 shortly after launch, indicating some investor interest early on.
However, performance-wise, there is no reported historical return data since the ETF is very new, launched just days before or after August 7-8. Given its design for double daily leveraged exposure to GLXY, its returns are expected to be highly volatile and dependent on the short-term price movements of Galaxy Digital stock. The ETF does not pay dividends and trades at a slight premium of about 0.63% over NAV.
Market outlook and risks for GLXU include its design for short-term trading rather than long-term holding due to daily reset and compounding effects. As a non-diversified fund concentrating investments in GLXY alone, it adds to the risk. As a new fund with a small asset base, GLXU may experience significant volatility in AUM and liquidity. The high expense ratio compared to typical ETFs may reduce net returns. Since GLXU magnifies daily performance, extended holding periods can result in returns that deviate significantly from 2x the underlying stock’s longer-term return.
GLXU is the latest addition to REX Shares' leveraged ETF lineup, now consisting of 25 funds. It's worth noting that T-Rex ETFs, including GLXU, are known for pioneering first-to-market leveraged products focusing on familiar growth and tech-oriented names. The launch of GLXU expands this lineup to the Galaxy Digital stock niche, targeting traders and investors seeking leveraged crypto-related equity exposure in the US ETF market.
Investors should consider the ETF’s daily reset nature, non-diversification risk, and new fund status when assessing its market outlook and suitability for their portfolios. With no performance track record yet, GLXU currently shows early modest asset accumulation but carries the risk of high volatility and expense considerations.
[1] REX Shares Press Release, August 8, 2025. [2] CNBC, "REX Shares Launches New Leveraged ETF Focusing on Galaxy Digital", August 10, 2025. [3] Yahoo Finance, "Galaxy Digital Stock Performance", accessed August 11, 2025. [4] Morningstar, "T-REX 2X Long Galaxy Digital Daily Target ETF (GLXU)", accessed August 11, 2025.
- The T-REX 2X Long Galaxy Digital Daily Target ETF (GLXU) is a new cryptocurrency-related equity product launched by REX Shares, which aims to deliver twice the daily performance of Galaxy Digital Holdings Ltd. (GLXY) stock.
- This latest addition to REX Shares' leveraged ETF lineup, consisting of 25 funds, expands their offerings to the Galaxy Digital stock niche, attracting traders and investors seeking leveraged crypto-related equity exposure in the US ETF market.
- Given its design for double daily leveraged exposure to GLXY, the performance of the GLXU ETF is expected to be highly volatile and dependent on the short-term price movements of Galaxy Digital stock, making it a technology-driven investment in the world of finance.
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