With a resurgence in Bitcoin this year, T-REX
ETFs to help investors capitalize on volatility in the
cryptocurrency market
REX Shares (“REX”) in collaboration with Tuttle Capital
Management (“TCM”), today adds two new products to their T-REX ETF
suite: the T-REX 2X Long Bitcoin Daily Target ETF (CBOE: BTCL) and
the T-REX 2X Inverse Bitcoin Daily Target ETF (CBOE: BTCZ).
Providing 200% and -200% exposure to Bitcoin's daily performance
using the “Reference Assets”, these T-REX ETFs offer sophisticated
investors 2X leveraged and inverse exposure to the spot price of
Bitcoin.
"Bitcoin’s meteoric rise in 2024 has captured the attention of
investors and traders worldwide," said Scott Acheychek, COO of REX
Financial, REX Shares parent company. "By launching 2X leveraged
and inverse Spot Bitcoin ETFs, we're arming traders with powerful
tools to capitalize on Bitcoin's price swings like never
before."
The launch arrives amidst a rapidly-evolving crypto landscape,
with the debut of spot Bitcoin ETPs in January catalyzing a surge
in trading volumes and creating newfound optimism for digital
assets. Within the past 6 months, spot Bitcoin ETPs have amassed
nearly $50 billion in assets under management. Bitcoin jumped to a
new record in March, breaking through $70,000 for the first
time.
"Expanding into digital assets represents a major milestone as
we strive to deliver cutting-edge ETFs tailored to modern investor
needs," added Matt Tuttle, CEO of Tuttle Capital Management. "With
their amplified upside and downside exposure, these Bitcoin funds
epitomize our commitment to innovation and pushing boundaries in
the ETF landscape."
With nine innovative products now in its arsenal since launching
in October 2023, the T-REX suite continues enhancing its lineup of
trading tools for investors.
For more information on T-REX ETFs, please visit
www.rexshares.com.
About REX Financial
REX Financial is an innovative ETP provider specializing in
alternative-strategy ETFs and ETNs, with over $6 billion in assets
under management. The REX Financial brand encompasses REX Shares,
T-REX, MicroSectorsTM, and REX Advisers. The firm is renowned for
creating MicroSectorsTM and co-creating the T-REX product lines of
leveraged and inverse tools for traders and recently launched a
series of option-based income strategies.
About Tuttle Capital Management
TCM is an industry leader in offering thematic ETFs that offer
first of their kind exposures. Please visit www.tuttlecap.com for
more information.
Investors should consider the investment objectives, risk,
charges, and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
T-REX ETFs please call 844-802-4004 or visit our website at
rexshares.com. Read the prospectus and summary prospectus carefully
before investing.
The Fund is not suitable for all investors. The Fund is
designed to be utilized only by knowledgeable investors who
understand the potential consequences of seeking daily leveraged
(2X) and inverse (- 2X) investment results, understand the risks
associated with leverage and the use of shorting and are willing to
monitor their portfolios frequently. The Fund does not seek to
achieve its stated investment objective over a period of time other
than a single/ one trading day. The Shares will change in value,
and you could lose money by investing in the Fund. The Fund may not
achieve its investment objective. The Fund only intends to use
reference assets that are traded on a U.S. regulated exchange.
Investing in the funds is not equivalent to investing directly in
Spot Bitcoin as the fund will generally hold 0% of underlying
shares.
The Funds’ investment adviser will not attempt to position
each Fund’s portfolio to ensure that a Fund does not gain or lose
more than a maximum percentage of its net asset value on a given
trading day. As a consequence, if a Fund’s underlying security
moves more than 50%, as applicable, on a given trading day in a
direction adverse to the Fund, the Fund’s investors would lose all
of their money.
There is no assurance that the T-Rex 2X Long Bitcoin Daily
Target ETF will achieve its daily leveraged investment objective or
that the T-Rex 2X Inverse Bitcoin Daily Target ETF will achieve its
daily inverse leveraged investment objective. An investment in each
Fund could lose money. The Funds are not complete investment
programs.
Important Information
Industry Concentration Risk. The Fund will be
concentrated in the industry to which the Reference Assets are
assigned (i.e., hold more than 25% of its total assets in
investments that provide exposure to Bitcoin). A portfolio
concentrated in a particular industry may present more risks than a
portfolio broadly diversified over several industries.
Derivatives Risk. Derivatives are financial instruments
that derive value from the underlying reference asset or assets,
such as stocks, bonds, or funds (including ETFs), interest rates or
indexes. Investing in derivatives may be considered aggressive and
may expose the Fund to greater risks, and may result in larger
losses or small gains, than investing directly in the reference
assets underlying those derivatives, which may prevent the Fund
from achieving its investment objective.
Reference Asset Investing Risk. Issuer-specific
attributes may cause an investment held by the Fund to be more
volatile than the market generally. The value of an individual
security or particular type of security may be more volatile than
the market as a whole and may perform differently from the value of
the market as a whole. The following is a summary of risk factors
related to the Reference Assets as identified by the Reference ETPs
in their registration statements – this is not purported to be a
complete list of risks (references to “shares” in this section are
to shares of the Reference ETPs).
Cryptocurrency Risk. The Fund has exposure to the crypto
asset platforms as a result of the Reference Assets attempting to
reflect generally the performance of the price of Bitcoin before
payment of its expenses and liabilities. A crypto asset operates
without central authority or banks and is not backed by any
government. Crypto assets are often referred to as a “virtual
asset” or “digital asset,” and operate as a decentralized,
peer-to-peer financial trading platform and value storage that is
used like money. A crypto asset is also not a legal tender.
Federal, state or foreign governments may restrict the use and
exchange of a crypto asset, and regulation in the U.S. is still
developing. Further, the spot markets for crypto assets are
fragmented and lack regulatory compliance and/or oversight. Crypto
asset platforms may stop operating or permanently shut down due to
fraud, technical glitches, hackers or malware. The Fund’s indirect
exposure to crypto assets such as Bitcoin may be affected by the
high volatility associated with such crypto asset exposure. Future
regulatory actions or policies may limit the ability to sell,
exchange or use crypto assets, thereby impairing their prices.
Crypto asset trading platforms on which Bitcoin trades, and which
may serve as a pricing source for valuation of spot Bitcoin held by
the Reference ETPs may be subject to enforcement actions by
regulatory authorities.
Liquidity Risk. Holdings of the Fund may be difficult to
buy or sell or may be illiquid, particularly during times of market
turmoil. Illiquid securities may be difficult to value, especially
in changing or volatile markets. If the Fund is forced to buy or
sell an illiquid security or derivative instrument at an
unfavorable time or price, the Fund may be adversely impacted.
Certain market conditions or restrictions may prevent the Fund from
limiting losses, realizing gains or achieving a high correlation
with the Reference Assets.
New Fund Risk. As of the date of this prospectus, the
Fund has no operating history and currently has fewer assets than
larger funds. Although the Fund is new, the structure of providing
long leveraged exposure to the price of Bitcoin is not necessarily
a new strategy as similar leveraged funds, such as those that
primarily invest in cash settled futures contracts, currently trade
on the Chicago Mercantile Exchange. Like other new funds, large
inflows and outflows may impact the Fund’s market exposure for
limited periods of time. This impact may be positive or negative,
depending on the direction of market movement during the period
affected.
Leverage Risk. The Fund obtains investment exposure in
excess of its net assets by utilizing leverage and may lose more
money in market conditions that are averse to its investment
objective than a fund that does not utilize leverage. An investment
in the Fund is exposed to the risk that a decline in the daily
performance of the Reference Assets will be magnified. This means
that an investment in the Fund will be reduced by an amount equal
to 2% for every 1% daily decline in the Reference Assets, not
including the costs of financing leverage and other operating
expenses, which would further reduce its value.
Non-Diversification Risk. The Fund is classified as
“non-diversified” under the Investment Company Act of 1940, as
amended. This means it has the ability to invest a relatively high
percentage of its assets in the securities of a small number of
issuers or in financial instruments with a single counterparty or a
few counterparties.
The REX Shares ETFs are distributed by Foreside Fund Services,
LLC.
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version on businesswire.com: https://www.businesswire.com/news/home/20240710680336/en/
Gregory FCA for REX Shares rexshares@gregoryfca.com
Matthew Tuttle for Tuttle Capital Mtuttle@TuttleCap.com