Key stats
About T-Rex 2X Inverse 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
ETQ is designed for making bearish bets on the daily price of spot Ether through swap agreements. The objective is to obtain 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 intended as a short-term tactical tool, rather than as 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. It's important to note that the fund could potentially lose money over time, even if Ether's performance weakens. The fund is expected to invest in money market funds, deposit accounts, and short-term debts.
Classification
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 fund100.01%
Cash−0.01%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ETQ assets under management is 476.77 K USD. It's fallen 48.82% over the last month.
ETQ fund flows account for 1.17 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, ETQ pays dividends to its holders with the dividend yield of 0.07%. The last dividend (Dec 26, 2024) amounted to 0.00 USD. The dividends are paid annually.
ETQ 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.
ETQ expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
ETQ 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.
ETQ invests in funds.
ETQ price has fallen by −61.75% over the last month, and its yearly performance shows a −69.53% decrease. See more dynamics on ETQ price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −58.28% over the last month, showed a −58.85% decrease in three-month performance and has decreased by −25.04% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −58.28% over the last month, showed a −58.85% decrease in three-month performance and has decreased by −25.04% in a year.
ETQ trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.