Key stats
About T-Rex 2X Long Bitcoin Daily Target ETF
Home page
Inception date
Jul 10, 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
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
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
Miscellaneous
Mutual fund
Bonds, Cash & Other100.00%
Miscellaneous89.55%
Mutual fund11.07%
Cash−0.62%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BTCL assets under management is 51.43 M USD. It's risen 9.70% over the last month.
BTCL fund flows account for 36.54 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, BTCL pays dividends to its holders with the dividend yield of 4.13%. The last dividend (Dec 26, 2024) amounted to 2.12 USD. The dividends are paid annually.
BTCL shares are issued by Tuttle Capital Management LLC under the brand T-Rex. The ETF was launched on Jul 10, 2024, and its management style is Passive.
BTCL expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
BTCL follows the BTC/USD Exchange Rate - USD - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BTCL invests in funds.
BTCL price has risen by 13.60% over the last month, and its yearly performance shows a 103.09% increase. See more dynamics on BTCL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 19.23% over the last month, showed a 29.22% increase in three-month performance and has increased by 4.84% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 19.23% over the last month, showed a 29.22% increase in three-month performance and has increased by 4.84% in a year.
BTCL trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.