TLDRREX Shares and Tuttle Capital Management have launched the first 2x leveraged ETF tracking Galaxy Digital.The new ETF trades under the ticker GLXU and is part of the T-REX single-stock leveraged ETF lineup.The fund is designed for one-day holding periods to target amplified daily returns on Galaxy Digital stock.REX Shares set the annual expense ratio of the ETF at 1.5%.Galaxy Digital recently reported a 43 percent drop in assets to 6.3 billion dollars in the second quarter of 2025.REX Shares and Tuttle Capital Management have launched the T-REX 2X Long Galaxy Digital Daily Target ETF, ticker GLXU. The fund offers double daily exposure to Galaxy Digital stock, which trades on Nasdaq and the Toronto Stock Exchange. It expands REX Shares’ leveraged single-stock ETF lineup to 25 funds.The ETF tracks Galaxy Digital, the digital assets firm led by CEO Mike Novogratz. It is designed for one-day holding periods due to compounding effects. REX set the fund’s annual expense ratio at 1.5%.Scott Acheychek, COO of REX Shares, said the product targets traders seeking amplified exposure to companies driving digital asset innovation. He stated,“This expansion underscores our commitment to building precision tools for active traders.”Fund Expands REX Shares’ Leveraged ETF PortfolioWith GLXU, REX Shares strengthens its position in the leveraged ETF market. The firm already offers products tracking major stocks like Nvidia and Apple. The addition reflects rising demand for short-term, high-volatility trading instruments.The fund focuses exclusively on Galaxy Digital, which engages in proprietary trading, market making, and large cryptocurrency transactions. Recently, the firm handled the largest-ever notional bitcoin sale for a Satoshi-era investor.By targeting a single stock, REX Shares enables traders to take concentrated positions without directly purchasing shares. The fund seeks to magnify daily price movements of Galaxy Digital.Galaxy Digital’s Recent Performance and Market ReactionGalaxy Digital reported second-quarter assets of $6.3 billion, a 43% decline from the previous period. The company still posted $30.7 million in net income, reversing earlier losses. This marked its first profitable quarter in a year.Despite the earnings, Galaxy Digital stock traded flat for most of the week. However, it fell nearly 5% to $27.60 on Friday. Market data from Yahoo Finance confirmed the decline in early trading hours.The post REX Shares Unveils 2x Leveraged ETF Focused on Galaxy Digital Stock appeared first on Blockonomi.