Key stats
About T-Rex 2X Long Ether Daily Target ETF
Home page
Inception date
Oct 23, 2024
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
Tuttle Capital Management LLC
Distributor
Foreside Fund Services LLC
ETU aims for bullish bets on the daily price of spot Ether through swap agreements. It seeks daily leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to make adjustments in response to Ether's daily price movements. The rebalancing value is based on an average price calculated during the final equity trading hour in New York. As a geared product, the fund is a short-term tactical tool, rather than a long-term investment vehicle. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Note that should Ether's value decline by more than 50% relative to the fund, investors could face a total loss. The fund could also potentially lose money over time, even if Ether's performance strengthens.
Classification
Symbol
Geography
Global
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
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund99.99%
Cash0.01%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ETU assets under management is 10.28 M USD. It's risen 35.09% over the last month.
ETU fund flows account for 18.54 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.
Yes, ETU pays dividends to its holders with the dividend yield of 0.12%. The last dividend (Dec 26, 2024) amounted to 0.02 USD. The dividends are paid annually.
ETU shares are issued by Tuttle Capital Management LLC under the brand T-Rex. The ETF was launched on Oct 23, 2024, and its management style is Passive.
ETU expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
ETU follows the CME CF Ether-Dollar Reference Rate - New York Variant - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ETU invests in funds.
ETU price has fallen by −9.95% over the last month, and its yearly performance shows a −40.07% decrease. See more dynamics on ETU price chart.
NAV returns, another gauge of an ETF dynamics, showed a 39.55% increase in three-month performance and has decreased by −61.01% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 39.55% increase in three-month performance and has decreased by −61.01% in a year.
ETU trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.