ETU

T-Rex 2X Long Ether Daily Target ETF

$17.56

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The ETU - T-Rex 2X Long Ether Daily Target ETF seeks to provide 2x the daily return of the price of Ether, the second-largest cryptocurrency by market capitalization.

Overview

ETF tracking T-Rex 2X Long Ether Daily Target ETF

Category Leveraged

Issuer Other

Inception Date 2024-10-24

Market Cap $16.0M

Average Volume N/A

Dividend Yield 0.10%

52-Week Range $5.74 - $59.32

VWAP $17.99

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ETU - T-Rex 2X Long Ether Daily Target ETF seeks to provide 2x the daily return of the price of Ether, the second-largest cryptocurrency by market capitalization.

🎯 Investment Strategy

The ETF uses derivatives and leveraged positions to amplify the daily price movements of Ether. It does not aim to track the long-term price of Ether, and its performance can significantly diverge from the underlying asset over longer holding periods.

✨ Key Features

Provides 2x leveraged exposure to the daily price movements of Ether
Resets leverage daily, which can lead to compounding effects and divergence from long-term Ether price
Highly speculative and volatile, not suitable for long-term buy-and-hold investors
Very low assets under management and no historical performance data

⚠️ Primary Risks

Extremely high volatility and risk of loss due to 2x leverage
Potential for significant tracking error and divergence from Ether's long-term price movements
Liquidity risks due to low assets under management
Counterparty risk associated with derivatives used to obtain leverage

👤 Best For

This ETF is intended for highly experienced, risk-tolerant traders who seek to make short-term speculative bets on the daily price movements of Ether. It is not suitable for long-term investors or those with a low risk tolerance.