SEC Receives New 2X TRON ETF Filing from ETF Opportunities Trust

ETF Opportunities Trust filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on Thursday, July 10, 2025, for the T-REX 2X Long TRON Daily Target ETF. The fund aims to deliver twice the daily performance of the TRON (TRX) token.

The ETF, sponsored by REX Shares, LLC, wants to create a fund that achieves this 2× exposure using total return swaps linked to spot TRON ETFs or TRON derivatives such as swaps or futures contracts. According to the filing, it will carry a 1.5% management fee. The document does not yet name a custodian for the fund.

The filing warns that “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.” Leveraged funds typically use swaps and options to achieve their target exposure, which increases both potential gains and losses compared to unlevered products.

The Tron Network is a decentralized blockchain platform launched in 2017 by entrepreneur Justin Sun. TRON (TRX), the network’s native token, powers transactions, smart contracts, and in-app payments across DeFi and has a market capitalization of approximately $27.6 billion. 

The filing adds to a growing list of crypto ETF proposals currently pending SEC approval. The agency appears more willing to approve exchange-listed crypto products since January 2025. Earlier this month, the first U.S. staking ETF for Solana’s native SOL token launched. In addition, the SEC is reportedly drafting a framework to speed up ETF listings, using criteria such as market capitalization, decentralization, and wallet distribution to evaluate proposals.