REX Shares Files for 2X Leveraged TRON ETF with SEC

Highlights:

• REX Shares files for ETF offering 2X daily returns on TRON price moves.
• Proposed ETF uses swaps and options, not direct TRX holdings, to gain exposure.
• Canary Capital’s staked TRX ETF is under SEC review amid rising investor demand.

REX Shares has filed a proposal with the U.S. Securities and Exchange Commission (SEC) for T-Rex 2X Long TRON Daily Target ETF. If approved, this ETF would give investors double the daily returns of TRON (TRX) price movements.

💰 ETF Opportunities Trust has submitted an application to the U.S. SEC for its new T-REX 2X Long TRON Daily Target ETF, a 2x leveraged fund designed to track $TRX daily returns.

— The Coinomist Magazine (@CoinomistMag) July 11, 2025

The fund does not plan to hold TRX tokens directly. Instead, it aims to get exposure through tools like swaps, call options, and other ETFs that are connected to TRON. It will apply a 1.5% management fee. As stated in the filing, the fund carries more risk than regular funds because it uses leverage. Its target is to deliver 200% of TRON’s daily price changes, meaning daily gains or losses could be twice as large. A custodian of the fund has not been named so far.

The filing stated:

 “The Fund will utilize total return swaps that provide exposure to exchange-traded funds or other exchange-traded products that invest in spot TRON or TRON derivatives such as swaps or futures contracts.”

Staked TRX ETF Under Review as TRON Activity and Demand Surge

This filing appears at a time when interest in crypto investment products is rising. Along with Bitcoin, asset managers are now exploring other major assets such as Ethereum, XRP, Solana, and TRX to expand their offerings.

In April, Canary Capital submitted a filing to introduce a staked TRX ETF in the U.S. The goal of this fund is to offer investors access to TRON’s native token along with the benefits of staking rewards. If approved, the ETF would be listed on the Cboe BZX Exchange, and BitGo Trust Company would serve as the custodian responsible for holding the fund’s assets. The SEC has accepted the 19b-4 filing and is now reviewing the application. A decision is likely to come by late 2025.

TRON was created by Justin Sun and now holds a market value close to $28.04 billion. The current price of TRX is around $0.2945, showing a 2% increase from the previous day. Trading activity has also increased, with over $673 million worth of TRX traded in the past 24 hours, showing a clear 40% rise in volume. The recent price movement shows an upward trend, matching growing market interest driven by the ETF filing.

SEC Signals Openness to New Crypto ETFs After Solana Staking Fund Approval

The SEC is currently reviewing many crypto ETF proposals, including those that follow assets like SOL and DOGE. This comes at a time when the regulatory climate for digital assets has become more open and supportive since Trump took office in January. The launch of the first approved “staking ETF” in early July, which tracks Solana’s SOL token, signals a shift in approach. It suggests the SEC may now be more open to allowing unique and specialized crypto ETFs to trade on public exchanges.