T-Rex 2X Long Ether Daily Target ETF (ETU)

The T-Rex 2X Long Ether Daily Target ETF (ETU) is a leveraged exchange-traded fund from REX Shares and Tuttle Capital Management. It seeks daily results, before fees and expenses, equal to two times the daily price movement of ether, the cryptocurrency of the Ethereum network.

The fund does not own ether outright. It gains its leveraged exposure primarily through over-the-counter swap agreements and other derivatives, and it resets its leverage at the end of each trading day.

Because the target is a daily multiple, holding the fund for longer than one day can produce results that differ significantly from twice ether's return over that span, particularly in volatile markets. ETU launched in 2024 as part of the T-Rex line of leveraged and inverse products aimed at short-term traders.