T-Rex 2X Long Bitcoin Daily Target ETF (BTCL)

The T-Rex 2X Long Bitcoin Daily Target ETF (BTCL) seeks to deliver twice (200%) the daily performance of bitcoin. It is a leveraged product that resets its exposure every trading day, so it targets a 2x multiple of bitcoin's return over a single day, not over longer holding periods.

Because of daily rebalancing and compounding, returns over weeks or months can differ substantially from twice bitcoin's change over the same period, particularly when prices are volatile. The fund obtains its leveraged exposure through derivatives such as swaps and futures referencing bitcoin or bitcoin exchange-traded products rather than holding coins directly.

BTCL is part of the T-Rex lineup of leveraged and inverse ETFs, a partnership involving Tuttle Capital Management and REX Financial, and trades on Cboe BZX.