According to @StockMKTNewz, REX Shares plans to launch 2x long Solana and 2x long XRP exchange-traded funds with tickers SOLX and XRPK tomorrow, signaling a new leveraged vehicle for directional exposure to SOL and XRP for U.S. traders. Source: @StockMKTNewz on X referencing a post by REX Shares. As leveraged products, these funds target twice the daily return of their reference assets and are designed primarily for short-term trading rather than buy-and-hold, which is critical for trade sizing and holding-period decisions. Source: U.S. SEC Investor Bulletin on Leveraged and Inverse ETFs. Over multi-day periods, results can diverge from 2x the cumulative move due to compounding and volatility drag, making entry and exit timing around high-volatility crypto sessions essential. Source: U.S. SEC Investor Bulletin on Leveraged and Inverse ETFs. Daily rebalancing in 2x ETFs can create buy-high/sell-low flows that may influence end-of-day volatility in related markets, a factor for timing trades into the U.S. close. Source: FINRA Regulatory Notice on leveraged and inverse ETFs.

According to Eric Balchunas, the recent Circle IPO is poised for significant ETF exposure, with filings already submitted for a 2x leveraged Circle ETF and a covered call strategy ETF (source: Eric Balchunas on Twitter, June 9, 2025). These ETF filings indicate rising institutional demand for cryptocurrency-linked equities and suggest broader market adoption of crypto-related investment vehicles. Traders should monitor developments closely, as the introduction of leveraged and income-generating ETF products tied to Circle could increase liquidity, volatility, and trading opportunities across both equity and crypto markets.

According to Eric Balchunas, the newly launched IONX 2x leveraged ETF, which tracks quantum computing company IONQ, spiked 73% today and has risen 220% since its debut, backed by $250 million in trading volume – 10 times its average and ranking in the top 3% among all ETFs (source: Eric Balchunas on Twitter, May 22, 2025). IONQ has positioned itself as the 'Nvidia of quantum computing,' and this explosive volatility is drawing the attention of both equity and crypto traders. The surge in trading activity and high volatility in IONX could signal increased institutional interest in quantum computing assets, which is likely to spill over to related crypto sectors, especially quantum-resistant blockchain projects. Traders should monitor quantum tech news for potential momentum shifts in crypto markets.

According to Eric Balchunas, the 2x GameStop ETF $GMEU experienced a successful launch with over $4 million in trading volume on its first day. This impressive debut exceeds the initial volumes of $NVDL and $TSLL, both of which have grown into multi-billion dollar ETFs. Traders are advised to watch $GMEU for potential growth, considering its strong start.