REX Shares and Tuttle Capital Management launched the T-REX 2X Long PURR Daily Target ETF (KATT). The fund delivers twice the daily performance of Hyperliquid Strategies Inc. (PURR).
Hyperliquid Strategies operates as a digital asset treasury company. The firm focuses on accumulating HYPE, the native token of the Hyperliquid blockchain.
The leveraged ETF provides traders with amplified exposure to the digital asset ecosystem. This launch reflects rising investor demand for publicly-traded companies with crypto-linked balance sheets.
The new product could drive increased trading volume for PURR shares. Market participants also anticipate higher volatility in the underlying stock.