New TRON-linked leveraged ETF filing joins wave of crypto funds awaiting SEC approval

A new registration filing has been made for an exchange-traded fund that tracks the daily performance of TRON, adding to the list of funds waiting for the U.S. Securities and Exchange Commission's green light. ETF Opportunities Trust submitted a filing on Thursday for the "T-REX 2X Long TRON Daily Target ETF," which "seeks daily leveraged investment results" and is significantly different from other ETFs, according to that filing. "As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund’s objective is to magnify (200%) the daily performance of TRON," according to the filing. "The Fund will utilize total return swaps that provide exposure to exchange-traded funds or other exchange-traded products that invest in spot TRON or TRON derivatives such as swaps or futures contracts."The fund sponsor is REX Shares, LLC. A custodian is not listed yet. TRON, created by entrepreneur Justin Sun, has a market capitalization of $27.6 billion, according to The Block's price page. Sun has come into the spotlight following his support for President Donald Trump's presidency this past year, and is notably one of the top holders of the TRUMP memecoin.The SEC is weighing dozens of crypto ETF proposals, from ones that track SOL to DOGE in the face of a friendlier regulatory environment for crypto since Trump took office in January. The first approved "staking ETF," tacking Solana's native SOL token, was launched in early July, an indication the securities watchdog may be more willing to approve more exotic exchange-listed products.The agency is weighing a framework that would expedite the process for listing ETFs. Standards under discussion may include metrics such as market capitalization, decentralization, and wallet distribution, a source told The Block this week.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.