Corgi IREN 2x Daily ETF (IREC)

The Corgi IREN 2x Daily ETF is a single-stock leveraged fund from Corgi ETFs. It seeks daily investment results equal to two times (200%) the daily percentage change in the share price of IREN Limited, a data center operator focused on bitcoin mining and AI cloud services that is powered largely by renewable energy.

The fund typically gains its exposure through swap agreements and similar derivatives referencing IREN stock. Because its leverage resets each trading day, its objective applies to single-day returns only. Over longer holding periods, compounding can cause results to diverge meaningfully from twice IREN's return. The fund is designed for short-term trading.