REX Files for 30 Leveraged ETFs Targeting Private Tech Giants

REX Shares has filed with the SEC to launch 30 leveraged and inverse ETFs targeting 15 prominent private companies, including OpenAI, Anthropic, Stripe, Databricks, Anduril, Perplexity, Canva, Kraken, Kalshi, Discord, Cohere, Figure AI, Oura, Plaid, and Shield AI. The filing proposes two ETFs for each company, seeking 200% or -200% of its daily stock performance before fees and expenses. The proposed lineup spans artificial intelligence, fintech, defense technology, and digital assets, positioning REX to capitalize on potential IPOs among some of the most valuable privately held companies. However, the underlying businesses have not yet gone public, making the timing and feasibility of the products uncertain. No ticker symbols or launch dates have been disclosed. The funds are designed for short-term trading and carry significant leverage and compounding risks.