REX Shares has submitted an application document for a TRON-related leveraged ETF to the SEC.

PANews, July 11 - According to a report by The Block, REX Shares has submitted an application to the U.S. SEC for the “T-REX 2X Long TRON Daily Target ETF.” The document states that the fund “aims to achieve daily leveraged investment returns,” which is significantly different from other ETFs. The document mentions: “Therefore, the fund’s risk may be higher than that of similar products that do not employ a leveraged strategy, as its goal is to amplify (200%) TRON’s daily performance.” The document also states, “The fund will utilize total return swap protocols to gain exposure to exchange-traded funds or other exchange-traded products that invest in TRON Spot or TRON derivation (such as swaps or futures contracts).” The fund is initiated by REX Shares, LLC, and a custodian has not yet been listed.