ChainCatcher reports that the US ETF Opportunities Trust has submitted an application to the SEC for a "T-REX 2X Longing TRON Daily Target ETF", planning to amplify TRON performance by 2 times daily, joining the queue of crypto funds pending SEC review.
The fund, initiated by REX Shares, will track TRON prices through derivatives such as swaps. The SEC is currently evaluating multiple crypto ETF proposals, including those for SOL and Doge, with increasing regulatory friendliness. Meanwhile, the SEC is also studying a set of standards that might accelerate the ETF approval process, covering metrics such as market capitalization, decentralization degree, and wallet distribution.
