Symbols

RIOX

·NYSE

--(--)

Key Stats

Assets Under Management

24.59MUSD

Fund Flows (1Y)

3.82MUSD

Dividend Yield

Discount/Premium to NAV

0.45%

Shares Outstanding

1.66M

Expense Ratio

0.95%

About Defiance Daily Target 2X Long RIOT ETF

Issuer

Tidal Investments LLC

Brand

Defiance

Home Page

https://www.defianceetfs.com/riox/

Inception Date

Jan 2, 2025

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

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

Asset Class

Equity

	1-Month	3-Month	YTD	1-Year	3-Year	5-Year
Price Performance	+1.21%	-55.45%	-34.52%	-34.52%	-34.52%	-34.52%
NAV Total Return	+19.29%	-48.29%	-0.67%	-0.67%	-0.67%	-0.67%

No data is currently available

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