REX Shares and Tuttle Capital Management have launched the T-REX 2X Long Galaxy Digital Daily Target ETF (ticker GLXU), a 2x leveraged ETF tracking the stock price of Galaxy Digital, the digital assets firm co-founded and led by CEO Mike Novogratz.
REX and Tuttle added the fund to its roster of “T-REX” single-stock leveraged ETFs, alongside 24 other funds that track popular stocks like Nvidia, Apple, and bitcoin treasury firm Strategy.
“With the launch of GLXU, we’re offering traders a way to take amplified views on companies at the center of digital asset innovation,” said REX COO Scott Acheychek in a statement. “This expansion of the T-REX lineup underscores our commitment to building precision tools for active traders.”
Like other single-stock leveraged ETFs, the fund is designed to be held for a period of one day, as longer-term holders may lose out on potential gains due to volatility decay. The fund carries an expense ratio of 1.5% per year.
Galaxy Digital, which trades on both the Toronto Stock Exchange and Nasdaq, is a digital assets firm that engages in proprietary trading and market making and also facilitates large crypto transactions for clients. The firm recently sold 80,000 BTC for a Satoshi-era investor in the largest ever notional sale of bitcoin.
Galaxy’s stock has traded largely flat on the week, after the company disclosed its total assets slid 43% to $6.3 billion over the second quarter of 2025. The company logged positive net income of $30.7 million after reporting losses both in the previous quarter and in the year-ago period.
The stock opened down on Friday, falling nearly 5% to trade at $27.60, according to Yahoo Finance data.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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