BTCL

T-Rex 2X Long Bitcoin Daily Target ETF

$36.19

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The BTCL - T-Rex 2X Long Bitcoin Daily Target ETF seeks to provide daily investment results that correspond to two times (2x) the daily performance of the price of bitcoin.

Overview

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

Category Leveraged

Issuer Other

Inception Date 2024-07-10

Market Cap $34.4M

Average Volume N/A

Dividend Yield 5.85%

52-Week Range $29.15 - $69.65

VWAP $37.19

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The BTCL - T-Rex 2X Long Bitcoin Daily Target ETF seeks to provide daily investment results that correspond to two times (2x) the daily performance of the price of bitcoin.

🎯 Investment Strategy

The ETF uses financial instruments, such as futures contracts and swaps, to gain leveraged exposure to the price of bitcoin. It aims to achieve its investment objective on a daily basis, but its performance over longer periods may differ significantly from the target multiple due to the effects of compounding.

✨ Key Features

Provides 2x leveraged exposure to the daily price movements of bitcoin
Designed for short-term trading and not suitable for long-term buy-and-hold investors
Utilizes derivatives to achieve its leveraged investment objective
Has a very high level of risk and volatility compared to a direct investment in bitcoin

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for large deviations from the target 2x multiple over longer time periods
Exposure to the high volatility and risk of the cryptocurrency market
Counterparty risk associated with the derivatives used to gain exposure

👤 Best For

This ETF is intended for experienced, risk-tolerant investors who seek short-term, speculative exposure to the bitcoin market and understand the risks associated with leveraged investment products. It is not suitable for long-term investors or those with a low risk tolerance.