T-Rex launches 2X Long and Short Bitcoin ETFs against ProShares. T-Rex is shaking up the increasingly popular world of Bitcoin ETFs, launching two new funds designed to double down on the cryptocurrency’s daily gains or losses. These new offerings, the T-Rex 2X Long Bitcoin Daily Target ETF and the T-Rex 2X Short Bitcoin Daily Target […]

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  • T-Rex launches 2X Long and Short Bitcoin ETFs against ProShares.
  • ETFs focus on daily Bitcoin spot price for amplified gains.
  • Market watches T-Rex’s impact on ETF competition closely.

T-Rex is shaking up the increasingly popular world of Bitcoin ETFs, launching two new funds designed to double down on the cryptocurrency’s daily gains or losses.

These new offerings, the T-Rex 2X Long Bitcoin Daily Target ETF and the T-Rex 2X Short Bitcoin Daily Target ETF, are entering a field to directly compete with products from ProShares; the ProShares Bitcoin Strategy ETF (BITO) and the ProShares Short Bitcoin Strategy ETF (BITI).”

As shared by ETF enthusiast Eric Balchunas, these ETFs are set to directly compete with the ProShares Bitcoin Strategy ETF (BITO) and the ProShares Short Bitcoin Strategy ETF (BITI), which launched earlier this week.

The T-Rex ETFs will seek a …

The post Bitcoin ETF Competition Heats Up: T-Rex Takes on ProShares with New Leveraged Funds appeared first on Coin Edition.