REX Group files for 2X leveraged TRON ETF
Since January 20th the US Crypto domain has come alive with all new fund requests.
Not to be left behind last week, T-Rex Group (REX) filed for a leveraged TRON ETF. REX's request calls for 200% of TRON's daily performance. This ETF (if approved) would use Options and Swaps as well as investing in TRON ETF's to gain access to TRON's daily performance. As you can gather this is HIGH risk fund and is NOT a direct TRON (TRX) investment fund! The fund would offer 2x what TRON does on a daily basis.
You say you enjoy reading legalese?
Check out the REX filing for their fund.
The SEC acknowledge receipt of the filing and stated they expect a ruling late in 2025.
Fee's associated with this proposed fund?
The management fee is 1.5%. When compared to TradFi Mutual Fund fee's this sounds high, although when weighed out 2X performance vs TRON it might not be that punitive.
Summary
T-REX fund filing in my view is a high risk, managed fund for something that doesn't directly own TRON. Don't overlook fee's for such an offering. Since I am not a savvy investor, I usually just buy high and sell low, this is very interesting way to outperform TRON. This makes my head hurt and probably makes sense to sophisticated investors, who are like back up the truck and fill up their coffers. You gonna roll the dice and invest when it becomes available?
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