2x Avalanche ETF (AVAZ)

The 2x Avalanche ETF seeks daily investment results, before fees and expenses, equal to two times the daily performance of Avalanche (AVAX), the native cryptocurrency of the Avalanche blockchain network, a smart-contract platform designed for fast transaction finality and customizable subnetworks.

The fund gains its leveraged exposure through derivatives such as swaps or futures, or through positions in exchange-traded products that hold AVAX, rather than simply holding the token. Because leverage is reset daily, the two-times target applies only to single-day returns, and results over longer periods can differ significantly from twice the cumulative change in the price of Avalanche, especially given the asset's volatility.