BEX.B Gets Golden Cross — But High Costs Lurk

ETF Overview and Capital Flows

Tradr 2X Long BE Daily ETF (BEX.B) is designed to deliver twice the daily returns of Bloom Energy Corporation (BE) stock, leveraging a 2:1 gearing structure. This single-stock ETF, categorized under active equity strategies, tracks a highly volatile niche—clean energy innovation. Recent capital flows show robust demand: on January 26, 2026, net fund flows hit $320.5K from orders, $348.8K from block trades, and $343.9K from extra-large orders, signaling concentrated institutional or accredited investor interest.

Technical Signals and Market Setup

A key technical signal emerged on January 28, 2026: BEX.B’s KDJ indicator formed a golden cross, a potential bullish reversal pattern in momentum-driven strategies. While this suggests short-term buying pressure, the ETF’s high expense ratio (1.3%) and leveraged structure amplify both gains and losses, making it unsuitable for long-term hold strategies.

Peer ETF Snapshot

• AGG.P charges 0.03% expense ratio with $138B AUM and 1:1 leverage.
• AVIG.P has 0.15% expense ratio, $2B AUM, and 1:1 leverage.
• ACVT.P charges 0.65% expense ratio with $28M AUM and 1:1 leverage.
• AFIX.P holds $179M AUM with 0.19% expense ratio and 1:1 leverage.

Opportunities and Structural Constraints

BEX.B’s recent inflows and technical setup highlight its role as a speculative leveraged play on Bloom Energy’s volatility. However, its 1.3% expense ratio vastly exceeds many peers, while double leverage compounds decay risks in sideways markets. Investors must weigh the ETF’s alignment with BE’s fundamental trajectory against structural costs and the inherent challenges of daily rebalancing in a leveraged product.