The leveraged ETF tracking TRON has submitted an application to the U.S. SEC

ChainCatcher News: The American ETF Opportunities Trust has submitted an application to the SEC for the "T-REX 2X Long TRON Daily Target ETF," which plans to amplify TRON's performance by 2 times on a daily basis, joining the queue of cryptocurrency funds pending review by the SEC.

The fund is initiated by REX Shares and will track the price of TRON through derivatives such as swaps. The SEC is currently evaluating several cryptocurrency ETF proposals, including those for SOL and DOGE, with an increase in regulatory friendliness. At the same time, the SEC is also studying a set of standards that could expedite the ETF approval process, covering metrics such as market capitalization, degree of decentralization, and wallet distribution.