According to Eric Balchunas, GraniteShares has filed for a 2x Galaxy ETF just one week after the Galaxy stock's initial public offering, marking an unprecedented speed for leveraged ETF filings in the crypto sector (source: Eric Balchunas, Twitter, May 23, 2025). Additionally, a third 2x Rigetti Computing ETF is also in progress. For traders, this rapid launch signals growing institutional confidence in the cryptocurrency-linked equity market and introduces new opportunities for leveraged exposure to Galaxy Digital. The emergence of multiple leveraged ETFs so soon after IPOs may increase volatility and liquidity in related crypto stocks, with potential spillover effects on crypto asset prices.