Fund provider REX Shares and Tuttle Capital Management have launched two leveraged ETFs that tap into booming demand for space launches and data center infrastructure.
The T-REX 2X Long ASTS Daily Target ETF (Cboe: ASUP) and the T-REX 2X Long LITE Daily Target ETF (Cboe: LITE) are designed to deliver 200% of the daily performance of AST SpaceMobile (Ticker: ASTS) and Lumentum Holdings (Ticker: LITE), respectively.
A report from Direxion, conducted in partnership with Vanra Research and the Compound Insights, noted that leveraged fund volumes have expanded by some 29% annually among retail investors since 2020, faster than both options and stock trading. By the halfway mark of 2025, there were 452 leveraged funds in the US spanning different asset classes from equities to commodities, crypto, and foreign exchange.
Single-stock leveraged ETFs were in focus in the heat of last year's Liberation Day tariff shock, which saw a 35-day stretch of investors buying long leveraged funds amid a broader market selloff.
Space-based mobile broadband company AST SpaceMobile has emerged as something of a darling among space stocks. The Midland, Texas-based company has also forged partnerships with AT&T (Ticker: T), Verizon Communications (Ticker: VZ), Vodafone (Ticker: VOD), and Rakuten.
Lumentum, which recently joined the Nasdaq-100 index, builds optical chips, components and infrastructure for the likes of AI and cloud computing.
“Traders want precision tools to act on the themes shaping today's market," said Scott Acheychek, COO of REX, in a statement. "ASUP and LITU give them 2x daily exposure to two companies sitting at the center of two of the most-watched buildouts in tech: space-based connectivity and the optical infrastructure behind AI."
Space ETFs have been in the spotlight recently amid the looming SpaceX IPO and NASA’s successful Artemis II mission. Asset manager VanEck recently launched its VanEck Space ETF (Ticker: WARP), which it says will give advisors and investors a way to tap into the booming space industry.
Other space-focused funds include the Procure Space ETF (Ticker: UFO), which was launched in 2019 by ProcureAM and Ark Invest’s Ark Space & Defense Innovation ETF (Ticker: ARKX).
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