BTCZT-Rex 2X Inverse Bitcoin Daily Target ETF
Seeks daily investment results of 200% of the inverse of the daily performance of spot Bitcoin.
By Rex · Launched 2024
0.95%
#4,882 of 5,861 · expensive
$30M
#4,175 of 5,861 · small
+98.6%
2 years
#3,580 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
CryptocurrencyStrategy
Inverse
What it actually holds
By weightConcentration
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks daily investment results of 200% of the inverse of the daily performance of spot Bitcoin.
- Strategy
- Invests to achieve 200% of the inverse daily return of spot Bitcoin. The Fund does not seek to achieve its objective over periods longer than one trading day.
- Inception date
- July 9, 2024
- Fund family
- Rex
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can be right and still lose
This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.
Your return drifts the longer you hold
Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.
Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04