REX Shares Expands T-REX ETF Suite with Leveraged Bets on AST SpaceMobile and Lumentum
Event summary
- REX Shares and Tuttle Capital Management launched two new leveraged ETFs on May 21, 2026: T-REX 2X Long ASTS Daily Target ETF (ASUP) and T-REX 2X Long LITE Daily Target ETF (LITU).
- ASUP offers 2x daily long exposure to AST SpaceMobile, a company developing space-based cellular broadband networks.
- LITU provides 2x daily long exposure to Lumentum Holdings, a supplier of optical and photonic products for AI/ML and cloud infrastructure.
- The launch expands the T-REX ETF suite to over 40 leveraged and inverse single-stock ETFs.
The big picture
The launch of ASUP and LITU underscores the growing appetite for leveraged ETFs targeting high-conviction themes in tech. REX Shares and Tuttle Capital Management are capitalizing on investor interest in space-based connectivity and AI-driven infrastructure, sectors poised for significant growth. The expansion of the T-REX suite to over 40 products highlights the strategic shift towards providing tactical, high-impact exposures in a volatile market.
What we're watching
- Market Volatility
- How the compounding effects of daily rebalancing will impact ASUP and LITU's performance over longer periods.
- Sector Trends
- Whether the demand for leveraged ETFs in niche tech sectors like space-based connectivity and AI infrastructure will sustain growth.
- Regulatory Scrutiny
- The pace at which regulators may scrutinize leveraged single-stock ETFs, given their higher risk profile.
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