T-Rex 2X Inverse Bitcoin Daily Target ETF
BTCZ·CBOE
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Key Stats
Assets Under Management
24.35MUSD
Fund Flow (1Y)
17.56MUSD
Dividend Yield
0.02%
Discount / Premium to NAV
0.06%
Shares Outstanding
7.51M
Expense Ratio
0.95%
About T-Rex 2X Inverse Bitcoin Daily Target ETF
Issuer
Tuttle Capital Management, LLC
Brand
T-Rex
Home Page
Inception Date
Jul 10, 2024
Structure
Open-Ended Fund
ISIN
US98148L7468
CFI Code
CEOJLS
Index Tracked
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Replication Strategy
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
40.00%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Tuttle Capital Management LLC
Distributor
Foreside Fund Services LLC
BTCL aims for bullish bets on the daily price of spot Bitcoin 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 Bitcoin'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 Bitcoin'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 Bitcoin's performance strengthens.
Classification
Asset Class
Currency
Category
Pair
Focus
Long BTC, Short USD
Niche
Derivative
Strategy
Vanilla
Geography
Global
Weighting Scheme
Single Asset
Selection Criteria
Single asset
Analysis
Asset
Holdings
Symbol
Ratio
Cash & Other
289.42%
First American Treasury Obligations Fund 01/01/2040
10.56%
ISHARES BITCOIN TRUST SWAP
-199.99%
Top 10 Weight 99.99%
3 Total Holdings
See all holdings
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Volume Profile
Trade Flow Insight
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