REX Shares and Tuttle Capital Management are pushing deeper into crypto-linked products. On Tuesday, the firms launched leveraged exchange-traded funds tied to XRP and Solana, giving traders a new way to chase amplified returns through traditional brokerage accounts.
The T-REX 2X Long SOL Daily Target ETF and T-REX 2X Long XRP Daily Target ETF began trading on the CBOE, each designed to deliver 200% daily exposure to their underlying assets. REX CEO Greg King said the products are built for traders looking to capitalize on short-term price moves without leaving the familiarity of standard ETF infrastructure.
Tuttle Capital CEO Matt Tuttle echoed the point, noting that the ETF wrapper expands access to leveraged crypto strategies for investors who want to act on strong conviction. The timing lined up with a strong market move. On launch day, XRP climbed 8.6% to about $2.17, while Solana jumped 12% to roughly $139.56.
With these additions, REX and Tuttle now offer 33 leveraged and thematic products, including ETFs tied to crypto-focused companies like BitMine Immersion Technologies and Strategy. That breadth highlights how quickly the U.S. market has shifted. Just months ago, investors had very limited ways to gain leveraged exposure to digital assets.
It is important to understand the structure. Spot ETFs track the price of an asset by holding it directly. Leveraged ETFs, by contrast, aim to magnify daily returns using derivatives. Firms like Volatility Shares and ProShares already offer leveraged XRP and Solana products, setting the stage for growing competition in this niche.
Demand for crypto-linked ETFs continues to show up in the numbers. When Canary Capital launched its spot XRP ETF last month, it pulled in $58 million in first-day trading volume, topping the debut of the Bitwise Solana Staking ETF in October. BSOL stands out by pairing price exposure with staking rewards.
Flows tell a similar story. Last week alone, XRP investment products attracted $289 million in inflows, while Solana-linked products added $4.4 million, according to CoinShares.
On a year-to-date basis, Solana products have gathered $3.4 billion, compared with $2.9 billion for XRP.
Both tokens were hit hard in recent weeks as Bitcoin pulled back from its October highs. Still, many analysts believe XRP and Solana could benefit from shifting regulatory dynamics following President Donald Trump’s re-election, a trend already reflected in the growing lineup of ETFs tied to these assets and even alternatives like Dogecoin.
The takeaway is simple. Leveraged crypto ETFs are no longer fringe products. They are quickly becoming part of the mainstream toolkit for traders who want speed, scale, and exposure without touching a crypto wallet.
