Key stats
About Tidal Trust II Defiance Daily Target 2X Long RIOT ETF
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Inception date
Jan 2, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
RIOX uses swap agreements aiming to provide 200% daily targeted exposure to the blockchain and cryptocurrency mining industry through Riot Platforms, Inc. (RIOT). Riot Platforms operates in bitcoin mining, data center hosting, and engineering industries. The firm aims to capitalize on the growing demand for decentralized digital assets and infrastructure. The firm also has the ability to hold bitcoin on its balance sheet, offering a double-edged sword to ETF purchasers. As a leveraged product, it is designed for short-term tactical use. Returns may deviate from the expected 2x if held longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. RIOX could potentially lose value over time, even if RIOTs performance is strong. The ETF may hold government securities, money market funds, etc. as collateral for the swaps. Purchasers should be comfortable with counter-party risk.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Stocks2.24%
Technology Services2.24%
Bonds, Cash & Other97.76%
Cash94.13%
Mutual fund3.63%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RIOX assets under management is 21.29 M USD. It's risen 3.32% over the last month.
RIOX fund flows account for 26.86 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, RIOX doesn't pay dividends to its holders.
RIOX shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Jan 2, 2025, and its management style is Active.
RIOX expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
RIOX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RIOX invests in cash.
RIOX trades at a premium (0.24%) meaning the ETF is trading at a higher price than the calculated NAV.