REX Shares, in collaboration with Tuttle Capital Management, has announced the launch of the T-REX 2X Long SBET Daily Target ETF (CBOE: SBTU), providing 200% leveraged exposure to SharpLink Gaming, Inc. (SBET), a company with interests in the Ethereum ecosystem and iGaming affiliate services.
The T-REX 2X Long SBET Daily Target ETF, trading under the ticker SBTU, is now listed on the CBOE. This fund is structured to deliver twice the daily performance of its underlying stock, SharpLink Gaming Inc. (SBET).
SharpLink Gaming Inc. (SBET) operates as an Ethereum-focused treasury company, reportedly holding over $3.7 billion in Ethereum. Additionally, the company specializes in iGaming affiliate services, facilitating connections between users and regulated sportsbooks and casinos.
Scott Acheychek, COO of REX, commented on the new offering, stating, “With the launch of SBTU, we’re offering traders a way to take amplified views on a company at the center of both the Ethereum ecosystem and the evolving iGaming landscape. This launch further solidifies T-REX as the go-to toolkit for high-conviction traders.”
Matt Tuttle, CEO of Tuttle Capital Management, added, “We continue to see strong demand from traders seeking tactical exposure to individual names. This 2x ETF allows them to express their convictions with precision and speed, across sectors driving the modern digital economy.”
The T-REX lineup, a partnership between REX Shares and Tuttle Capital Management, focuses on single-stock exchange-traded funds (ETFs) that offer leveraged (2x) and inverse (-2x) daily exposures. The partnership has previously launched 2x and -2x ETFs on companies like Tesla and Nvidia, as well as leveraged ETFs tied to spot Bitcoin. The T-REX suite currently includes more than 20 products.
Investors considering the T-REX 2X Long SBET Daily Target ETF should note that it is not equivalent to a direct investment in SBET. The fund is designed for knowledgeable investors who understand the potential implications of seeking daily leveraged (2X) investment results, are aware of the risks associated with leverage, and are prepared to monitor their portfolios frequently. It is not intended for investors who do not actively monitor and manage their portfolios. The fund may lose money even if its underlying performance increases over periods longer than a single day, and an investor could lose the full principal value of their investment if the price of SBET falls by more than 50% in a single trading day.
