REX Shares Launches Leveraged ETF Targeting Hyperliquid’s PURR — REX Shares, LLC (REX Financial)

Event summary

REX Shares and Tuttle Capital Management launched the T-REX 2X Long PURR Daily Target ETF (KATT) on September 9, 2026.
KATT provides 2x daily long exposure to Hyperliquid Strategies Inc. (PURR), a digital asset treasury company.
PURR is one of the largest publicly traded participants in the Hyperliquid ecosystem, with a treasury seeded by 12.6 million HYPE tokens and $305 million in cash.
The T-REX suite now includes over 40 leveraged and inverse single-stock ETFs.

The big picture

The launch of KATT underscores the growing intersection of traditional finance and digital assets, as leveraged ETFs provide new tools for traders to engage with the Hyperliquid ecosystem. With over 40 products in the T-REX suite, REX Shares and Tuttle Capital Management are positioning themselves as leaders in single-stock leveraged ETFs, catering to sophisticated investors seeking high-conviction views.

What we're watching

Market Adoption: How KATT will attract traders seeking leveraged exposure to the digital asset ecosystem.
Regulatory Scrutiny: Whether the SEC will increase oversight of leveraged ETFs tied to digital assets.
Performance Tracking: The pace at which KATT’s performance will diverge from PURR due to compounding effects.