Rex Shares is seeking approval for a new investment product that offers twice the daily returns (TRX) that are the native Tron network asset, Tron (TRX), through leveraged exposure, according to new SEC filings.
The future fund, known as the T-Rex 2x Long Tron Daily Target ETF, will have a 1.5% administrative fee. Although you don't invest directly in Tron, you gain exposure through swaps, call options and investments into Tron-based ETFs.
New filing comes amid growing interest in crypto investment products. Apart from Bitcoin, asset managers are looking to diversify their offerings with other key assets, such as Ethereum, XRP, Solana, and TRX, to name a few.
Canary Capital filed for launching a US-stained TRX ETF in April, aiming to expose investors to Tron's native tokens and staking rewards. The proposed ETF will be listed on the CBOE BZX Exchange and Bitgo Trust Company will be appointed custodian of the fund.
The SEC officially allows the 19B-4 filing, and applications are under review, and a decision is expected by the second half of 2025.
