ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS: NVDQ)

Ultime notizie per ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ)

The Fund, under normal circumstances, invests in swap agreements that provide 200% inverse (opposite) daily exposure to NVDA equal to at least 80% of the Funds net assets (plus borrowings for investment purposes). The Fund will enter into one or more swap agreements with major global financial institutions whereby the Fund and the global financial institution will agree to exchange the return earned on an investment by the Fund in NVDA that is equal, on a daily basis, to -200% of the value of the Funds net assets. The Adviser attempts to consistently apply leverage to obtain short NVDA exposure for the Fund equal to -200% of the value of its net assets and expects to rebalance the Funds holdings daily to maintain such exposure. As a result of its investment strategies, the Fund will be concentrated in the industry to which NVDA is assigned (i.e., hold 25% or more of its total assets in investments that provide inverse exposure in the industry to which NVDA is assigned). As of the date of this prospectus, NVDA is assigned to the semiconductors and related devices industry.

T-Rex 2X Inverse NVIDIA Daily Target ETF

Novadaq Technologies

ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF

Investors in the T-Rex 2X Inverse Nvidia Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NVDQ#BATS">NVDQ</a>) are grappling with significant losses as shares of Jensen Huang-led Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) experience a remarkable stock surge.
As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, the T-Rex ETF has seen a dramatic 96% decline in investor wealth over the past year. This stark contrast comes as Nvidia&#8217;s stock has soared by 221.08% during the same timeframe.
However, it is noteworthy that the T-Rex ETF is designed to achieve daily inverse investment results, meaning its long-term performance may not mirror Nvidia&#8217;s stock trends. It aims for a daily return of 200% of the inverse of Nvidia&#8217;s daily performance, setting it apart from conventional ETFs.
Simply put, this ETF is designed to gain value when Nvidia's stock price decreases and lose value when Nvidia's stock price increases. It achieves this by using derivatives, such as options or futures, to bet against Nvidia&#8217;s stock performance.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/21051256/Screenshot-2024-10-21-at-2.42.13%E2%80%AFPM-1024x388.png" alt="" class="wp-image-604732" /></figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41420178/bitcoin-ethereum-dogecoin-on-the-rise-as-uptober-may-be-finally-here-analysts-predict-bull?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin On The Rise As &#8216;Uptober&#8217; May Be Finally Here: Analysts Predict Bullish Breakout For King Crypto, ETH&#8217;s Rally To $3,300</a>
Meanwhile, Nvidia remains a leader in the chip industry, with its shares closing up 0.8% at $138 on Friday, boosting its market capitalization to over $3 trillion. Experts like Ram Ahluwalia from Lumida Wealth Management are optimistic about Nvidia&#8217;s potential to reach a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41417379/nvidia-stock-is-up-over-233-in-the-past-year-and-tech-bulls-say-it-could-go-even-hi">$4 trillion valuation,</a> citing strong demand for GPU chips.
Additionally, Dan Niles of Niles Investment Management forecasts that Nvidia&#8217;s revenues and stock could double in the coming years, driven by AI investments. Goldman Sachs and Bofa Securities have also increased their price targets for Nvidia, reflecting confidence in its growth prospects.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/esg/24/10/41409688/this-small-cap-nuclear-stock-is-up-over-100-in-a-month-will-it-keep-generating-momentum?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">This Small-Cap Nuclear Stock Is Up Over 100% In A Month: Will It Keep Generating Momentum?</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
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Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year: Here's More

In the wake of Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) recent earnings announcement, exchange-traded funds (ETFs) associated with the company have shown diverse responses.
What Happened: As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, after the earnings report, GraniteShares 2x Long NVDA Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDL#NASDAQ">NVDL</a>) saw a decrease of 3.41% in pre-market trading. Concurrently, T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NVDQ#BATS">NVDQ</a>) experienced a rise of 3.48%.
Other ETFs like ProShares Ultra Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>) and Direxion Daily NVDA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDU#NASDAQ">NVDU</a>) also witnessed a decline of 1.90% and 3.48% respectively. On the contrary, Direxion Daily Semiconductor Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXL#NYSE">SOXL</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) saw an increase of 1.09% and 0.57% respectively.
The varied responses from NVDA ETFs came in the aftermath of Nvidia&#8217;s latest quarterly earnings report.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40590258/gop-congress-member-nancy-mace-they-havent-done-anything-slams-dnc-cannabis-inaction-calls-out-r?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GOP Congress Member Nancy Mace: &#8216;They Haven&#8217;t Done Anything,&#8217; Slams DNC Cannabis Inaction, Calls Out Republican Reluctance</a>
Why It Matters: Nvidia ETFs had shown mixed trading activity prior to the earnings announcement as well. The earnings report revealed that Nvidia had surpassed expectations for the <a href="https://www.benzinga.com/news/earnings/24/08/40613050/nvidia-q2-earnings-guidance-top-street-view-as-ai-fuels-record-data-center-revenue-gross-margin-fal">second quarter driven</a> by strong data center revenue.
However, the Jensen Huang-led chip company&#8217;s gross margin had contracted from the first quarter, leading to a 3.6% drop in shares in after-hours trading. This could explain the varied responses among Nvidia ETFs following the earnings announcement.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40592599/nvidia-stock-poised-for-major-298b-market-jolt-as-q2-earnings-loom-says-goldman-sachs-can-you-im?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia Stock Poised For Major $298B Market Jolt As Q2 Earnings Loom, Says Goldman Sachs: &#8216;Can You Imagine&nbsp;If NVDA Beats Expectations?&#8217;</a></li>
</ul>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

NVDL

NVDU

SOXL

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Nvidia ETFs Split In Pre-Market After Jensen Huang-Led Chip Giant Exceeds Q2 Expectations

Concerns over rising interest rates and a barrage of <a href="https://www.benzinga.com/calendars/earnings">corporate earnings reports</a> continue to affect U.S. stocks.
What Happened: On Wednesday, April 17, all three major indexes opened in positive territory. But the market sentiment quickly soured. 
<ul>
<li>The S&amp;P 500 closed down approximately 0.6%</li>
<li>Dow Jones Industrial Average posted a more modest loss of 0.1%. </li>
<li>The tech-heavy Nasdaq Composite plunged over 1% by the day&#8217;s end.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/markets/equities/24/04/38306414/nvidia-stock-could-see-81-upside-by-2025-says-evercore-isi-only-in-the-beginning-phases-of-gener">Nvidia Stock Could See 81% Upside By 2025, Says Evercore ISI: &#8216;Only In The Beginning Phases Of Generating Outsized Returns&#8217;</a>
<h3 class="wp-block-heading">Tech: S&amp;P 500&#8217;s Worst Performing Segment</h3>
Tech giants played a pivotal role in driving the day&#8217;s market action. 
<ul>
<li>Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) took a notable hit, tumbling nearly 4%</li>
<li>Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) also saw a decline of over 1%. </li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) emerged as the worst-performing segment within the S&amp;P 500, shedding nearly 1.5%.</li>
<li>ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), the Dutch semiconductor equipment giant&#8217;s shares plummeted more than 7% following a disappointing quarterly update. </li>
</ul>
Despite resilient sales to China amidst U.S. restrictions, ASML missed order estimates, sending shockwaves through the chip sector.
Investors now brace for further fallout ahead of Taiwan Semiconductor Manufacturing Co Ltd&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) earnings report on Thursday, April 18. The company&#8217;s report will likely carry significant implications for the entire industry.
<h3 class="wp-block-heading">Nvidia-Focused ETFs In The Spotlight</h3>
Exchange-traded funds (ETFs) focused on Nvidia found themselves in the spotlight.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="625" height="451" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18025637/Screenshot-2024-04-18-at-11.57.52-AM.png" alt="" class="wp-image-297254" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18025637/Screenshot-2024-04-18-at-11.57.52-AM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18025637/Screenshot-2024-04-18-at-11.57.52-AM-300x216.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></figure>
<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Chart: Benzinga Pro</a>
<h3 class="wp-block-heading">Top ETF Gainers On Wednesday</h3>
<ol>
<li>Direxion Daily Semiconductor Bear 3x Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXS#NYSE">SOXS</a>) surged by 7.63%; this bearish ETF capitalized on the downturn in semiconductor stocks.</li>
<li>ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVDQ#NYSE">NVDQ</a>) posted a gain of 8.21%; this inverse ETF offered investors double the inverse exposure to Nvidia&#8217;s daily performance.</li>
<li>GraniteShares 2x Short NVDA Daily ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVD#NYSE">NVD</a>) spiked 8.02%; this ETF leveraged a short position on Nvidia&#8217;s daily movements.</li>
<li>ProShares UltraShort Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSG#NYSE">SSG</a>) climbed 13.82; this ETF provided ultra-short exposure to the semiconductor sector, benefiting from the broader weakness in chip stocks.</li>
</ol>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="625" height="451" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18025813/Screenshot-2024-04-18-at-11.59.05-AM.png" alt="" class="wp-image-297258" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18025813/Screenshot-2024-04-18-at-11.59.05-AM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/18025813/Screenshot-2024-04-18-at-11.59.05-AM-300x216.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></figure>
<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Chart: Benzinga Pro</a>
<h3 class="wp-block-heading">Top ETF Losers On Wednesday</h3>
<ol>
<li>Direxion Daily Semiconductor Bull 3x Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXL#NYSE">SOXL</a>) plunged 7.71%</li>
<li>GraniteShares 2x Long NVDA Daily ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVDL#NYSE">NVDL</a>) slid 7.80%; this leveraged ETF magnified losses as Nvidia shares declined.</li>
<li>ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVDX#NYSE">NVDX</a>) dropped 8.02%; this ETF doubled the exposure to Nvidia&#8217;s daily performance, resulting in amplified losses.</li>
<li>Direxion Daily NVDA Bull 2X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVDU#NYSE">NVDU</a>) fell by 7.90%; this bullish ETF faced headwinds as Nvidia shares declined, eroding investors&#8217; returns.</li>
</ol>
As Nvidia-centric ETFs stole the limelight with their volatile movements, investors navigated through a landscape fraught with uncertainty. They can be seen grappling with divergent market forces and the ever-present specter of <a href="https://www.benzinga.com/topic/interest-rates">interest rate hikes</a>. 
Read Next: <a href="http://Jim Cramer Explains What Could Trigger Further Market Decline: 'If You Want To Get Out, Go Ahead ...'">Jim Cramer Explains What Could Trigger Further Market Decline &#8211; &#8216;If You Want To Get Out, Go Ahead &#8230;&#8217;</a>

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ASML

NVDX

Direxion Daily Semiconductor Bear 3X Shares

SOXS

Nvidia ETFs Take Center Stage As Bears, Bulls Duke It Out With 8%-14% Swings

An ETF that generated headlines in October 2022 is shutting down. The ETF gave investors a way to bet against investor and<a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31201595/exclusive-someone-needed-to-make-jim-cramer-etf-unfortunately-weve-got-to-watch-mad-money-"> television personality Jim Cramer.</a>
Here are the details and why the decision to shut the fund was made.
 What Happened: First <a href="https://www.benzinga.com/news/22/10/29160947/want-to-bet-against-jim-cramer-new-inverse-etf-filed-by-the-man-who-took-on-cathie-wood">announced in October 2022</a>, Tuttle Capital launched two ETFs to track the stock picks of Cramer. One was to the long side betting on his stock picks made on television and X and one was to the short side betting against the picks made by Cramer, commonly known as Inverse Cramer.
The Long Cramer ETF was <a href="https://www.benzinga.com/etfs/specialty-etfs/23/08/33985081/exclusive-long-jim-cramer-etf-shutting-down-jims-stock-picks-have-been-suspect-to-say-the-lea">shut down in </a>September 2023 and the Inverse Cramer now follows the same path. On Thursday, it was announced that the Northern Lights Fund Trust IV Inverse Cramer ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/SJIM#BATS">SJIM</a>) will be shutting down and liquidating.
The board of trustees of the fund determined liquidation was in the best interest of shareholders. The last day of trading for the ETF will be Feb. 13. The fund is expected to distribute proceeds to shareholders on Feb. 23.
"We started (the fund) in order to point out the danger of following TV stockpickers, Jim Cramer specifically, and the total lack of accountability," Tuttle Capital CEO Matthew Tuttle said.
Tuttle said he feels like that mission was accomplished, "but retail investors are more focused on volatile products" and interest in the portfolio didn't fully materialize.
"A lot of the success or failure of an ETF is timing and the timing with what has happened with the Magnificent 7 didn't work out," Tuttle told Benzinga, referencing <a href="https://www.benzinga.com/news/24/01/36723930/jim-cramer-cut-tesla-from-the-magnificent-7-heres-his-new-name-for-the-basket-of-mega-cap-tech-stock">Cramer&#8217;s recommendations</a> of the high-flying stocks. 
The Magnificent 7 references the stocks of Apple, Amazon, Alphabet, Microsoft, NVIDIA, Meta Platforms and Tesla.
"Interestingly, with how the Mag 7 have done SJIM should be down like 75%. The fact that it isn't is testament to Jim's stock picking availability."
Tuttle used the analogy of "a broken clock is right twice a day" and the Magnificent 7 stock picks by Cramer being right.
Related Link: <a href="https://www.benzinga.com/news/23/03/31155409/betting-against-jim-cramer-now-a-reality-what-investors-should-know-about-the-inverse-cramer-etf-and">Betting Against Jim Cramer Now A Reality: What Investors Should Know About The Inverse Cramer ETF (And Long Cramer ETF Too)</a>
Why It's Important: Tuttle isn't done writing about Cramer and will continue to write the <a href="https://cramertracker.substack.com/">Cramer Tracker newsletter.</a>
Tuttle also told Benzinga he's open to doing the fund again but it's hard with Cramer recommending the Magnificent 7 stocks.
"With the success of the T-REX product line, and the other initiatives we are involved in, we just didn't have the time to keep running this portfolio," Tuttle said.
Tuttle said the T-REX ETFs have over $200 million in assets under management. 
Tuttle Capital recently launched the Tuttle Capital 2X Inverse Regional Banks ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKRE#NASDAQ">SKRE</a>), which allows investors a leveraged inverse investment option to bet against the performance of regional banks and seeks to outperform the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>).
&#8220;When Jim Cramer recommended buying Silicon Valley Bank there wasn&#8217;t an ETF that allowed you to short regional banks. Now there is. $SKRE provides 2x the inverse return of the SPDR S&amp;P Regional Banking ETF. The next time Jim tells you to buy a regional bank you will be ready,&#8221; Tuttle&nbsp;<a href="https://twitter.com/TuttleCapital/status/1742866214542520432" target="_blank" rel="noreferrer noopener">tweeted</a>.
Tuttle&nbsp;<a href="https://www.benzinga.com/etfs/specialty-etfs/23/03/31299793/exclusive-jim-cramer-recommended-svb-financial-in-february-an-example-of-his-reverse-midas-to" target="_blank" rel="noreferrer noopener">previously told Benzinga&nbsp;</a>that Cramer recommending SVB Financial Group stock one month before the bank&#8217;s collapse was another reason people should bet against him.
&#8220;SIVB is just another example of the reverse Midas touch and why there is such a desire to bet against him,&#8221; Tuttle told Benzinga.
Tuttle Capital launched leveraged and inverse ETFs for Tesla and NVIDIA in October 2023.
Those ETFs are:
<ul>
<li>T-Rex 2X Long Tesla Daily Target ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLT#NASDAQ">TSLT</a>)</li>
<li>T-Rex 2X Inverse Daily Target ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLZ#NASDAQ">TSLZ</a>)</li>
<li>T-Rex 2X Long NVIDIA Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NVDX#BATS">NVDX</a>)</li>
<li>T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NVDQ#BATS">NVDQ</a>)</li>
</ul>
Tuttle has also filed for <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36500461/exclusive-the-man-who-shorts-cathie-wood-and-jim-cramer-filed-for-new-bitcoin-etfs-why-lev">leveraged Bitcoin ETFs </a>and said he has another project that could be announced in April.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/04/32017123/john-oliver-joins-inverse-jim-cramer-craze-says-youd-live-50-years-after-cramer-predicts-y" target="_blank" rel="noreferrer noopener">John Oliver Joins Inverse Jim Cramer Craze, Says You'd Live '50 Years' If Cramer Predicted You'd Die ‘Tomorrow'</a>

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EXCLUSIVE: Inverse Cramer ETF Shuts Down — How The Magnificent 7 Stocks Factor In And 'A Broken Clock Is Right Twice A Day'

One well-known ETF creator filed to launch several leveraged Bitcoin ETFs &#8211; this, as cryptocurrency investors eagerly await a potential approval by the U.S. Securities and Exchange Commission (SEC) <a href="https://www.benzinga.com/topic/bitcoin-etf">on Bitcoin ETFs.</a>
What Happened: If you haven't heard the name Matthew Tuttle, chances are you've heard of the ETFs he helped launch —<a href="https://www.benzinga.com/news/22/10/29160947/want-to-bet-against-jim-cramer-new-inverse-etf-filed-by-the-man-who-took-on-cathie-wood"> funds that took on</a> Cathie Wood and Jim Cramer. 
Tuttle, who is the CEO and Chief Investment Officer of <a href="https://tuttlecap.com/">Tuttle Capital Management</a>, launched the AXS Short Innovation Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SARK#NASDAQ">SARK</a>) in November 2021, which seeks to have <a href="https://www.benzinga.com/etfs/specialty-etfs/21/11/23994964/want-to-bet-against-cathie-wood-theres-a-new-etf-for-that">an inverse return </a>from Wood's Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>). The investment, in layman&#8217;s terms, &#8216;shorts&#8217; or bets against other funds. 
Tuttle made headlines again with the launch of the Inverse Cramer ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/SJIM#BATS">SJIM</a>) in March 2023, which seeks to have an <a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31201595/exclusive-someone-needed-to-make-jim-cramer-etf-unfortunately-weve-got-to-watch-mad-money-">inverse return from Cramer's </a>stock recommendations made on "Mad Money," CNBC programming and his tweets.
Earlier this week, Tuttle filed for six new Bitcoin ETFs. These are <a href="https://www.benzinga.com/general/education/21/06/21510320/what-the-heck-are-leveraged-etfs">leveraged ETFs</a> and inverse ETFs seeking to offer increased returns to investors based on the performance of the Bitcoin ETFs, which will track the performance of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
"The Funds seek daily inverse leveraged or long leveraged investment results and are intended to be used as short-term trading vehicles," the fund's <a href="https://www.sec.gov/Archives/edgar/data/1396092/000199937124000043/trex15x-485apos_010324.htm">prospectus </a>reads.
The new funds are meant for investors "who understand the potential consequences" of leveraged investment vehicles — not for non-active investors. 
The new proposed Bitcoin ETFs are:
<ul>
<li>T-Rex 1.5X Long Spot Bitcoin Daily Target ETF</li>
<li>T-Rex 1.5X Inverse Spot Bitcoin Daily Target ETF</li>
<li>T-Rex 1.75X Long Spot Bitcoin Daily Target ETF</li>
<li>T-Rex 1.75X Inverse Spot Bitcoin Daily Target ETF</li>
<li>T-Rex 2X Long Spot Bitcoin Daily Target ETF</li>
<li>T-Rex 2X Inverse Spot Bitcoin Daily Target ETF</li>
</ul>
The leveraged ETFs will offer investors ways to invest in outsized gains or losses for Bitcoin ETFs. While leveraged and inverse ETFs aren't for all investors, Tuttle says they have an important place in the market.
"They are a tool, just like stocks, bonds, etfs, mutual funds, options, etc.," Tuttle told Benzinga. "Just like any tool some people will use them correctly and others won't."
Tuttle said that leveraged ETFs can be used by investors as an "alternative to options."
"Unlike options, they can be traded after hours. They are very conducive to short-term trading strategies."
Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36472400/inverse-jim-cramer-strikes-again-crypto-prices-down-influencers-target-mad-money-host">Inverse Jim Cramer Strikes Again? Crypto Prices Down, Influencers Target &#8216;Mad Money&#8217; Host</a>
Why It's Important: Tuttle Capital also launched the Tuttle Capital 2X Inverse Regional Banks ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKRE#NASDAQ">SKRE</a>), which allows investors a leveraged inverse investment option to bet against the performance of regional banks and seeks to outperform the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>).
"When Jim Cramer recommended buying Silicon Valley Bank there wasn't an ETF that allowed you to short regional banks. Now there is. $SKRE provides 2x the inverse return of the SPDR S&amp;P Regional Banking ETF. The next time Jim tells you to buy a regional bank you will be ready," Tuttle <a href="https://twitter.com/TuttleCapital/status/1742866214542520432">tweeted</a>.
Tuttle <a href="https://www.benzinga.com/etfs/specialty-etfs/23/03/31299793/exclusive-jim-cramer-recommended-svb-financial-in-february-an-example-of-his-reverse-midas-to">previously told Benzinga </a>that Cramer recommending SVB Financial Group stock one month before the bank's collapse was another reason people should bet against him.
"SIVB is just another example of the reverse Midas touch and why there is such a desire to bet against him," Tuttle told Benzinga.
Tuttle Capital launched leveraged and inverse ETFs for Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in October 2023. Tuttle tells Benzinga that the T-Rex ETFs have nearly $100 million in assets under management.
Those ETFs are:
<ul>
<li>T-Rex 2X Long Tesla Daily Target ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLT#NASDAQ">TSLT</a>)</li>
<li>T-Rex 2X Inverse Daily Target ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLZ#NASDAQ">TSLZ</a>)</li>
<li>T-Rex 2X Long NVIDIA Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NVDX#BATS">NVDX</a>)</li>
<li>T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NVDQ#BATS">NVDQ</a>)</li>
</ul>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/23/04/32017123/john-oliver-joins-inverse-jim-cramer-craze-says-youd-live-50-years-after-cramer-predicts-y">John Oliver Joins Inverse Jim Cramer Craze, Says You&#8217;d Live &#8217;50 Years&#8217; If Cramer Predicted You&#8217;d Die &#8216;Tomorrow&#8217;</a>

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EXCLUSIVE: The Man Who Bets Against Cathie Wood, Jim Cramer Filed For New Bitcoin ETFs — How Leveraged ETFs Are An Investment Tool

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NOVADAQ Reports Filing US SEC To Terminate Registration Of Common Shares

Novadaq Shares Halted, T12 Halt

TORONTO, Aug. 09, 2017 (GLOBE NEWSWIRE) -- NOVADAQ Technologies Inc. (NASDAQ:<a class="ticker" href="/stock/NVDQ#NASDAQ">NVDQ</a>) (TSX:<a class="ticker" href="/stock/NDQ#TSX">NDQ</a>) (&ldquo;NOVADAQ&rdquo; or the &ldquo;Corporation&rdquo;) today announced that the Ontario Superior Court of Justice has issued a final order approving its previously announced plan of arrangement (the &ldquo;Arrangement&rdquo;) under the Canada Business Corporations Act pursuant to which Stryker Corporation has agreed to acquire all of the issued and outstanding shares of NOVADAQ (the &ldquo;Shares&rdquo;) for US$11.75 per share in cash.
The Arrangement remains subject to the receipt of regulatory approvals under the Canadian Competition Act and U.S. Hart-Scott-Rodino and the satisfaction of certain other closing conditions customary in transactions of this nature. It is expected that the Arrangement will close in the third quarter of 2017. Shareholders that have questions regarding submitting their Shares to the Arrangement, including with respect to completing the letter of transmittal and election form, are asked to contact the Depositary, Computershare Trust Company of Canada, at 1-800-654-6253 (toll-free in North America) or 1-514-982-7555 (collect outside North America) or by email at <a target="_blank" href="https://www.globenewswire.com/Tracker?data=plOjkkAX6ZyANtizRsYnvLdXP5XIUPnQdw2jTP3qHrOGZpH4DjGRnP6q4iFy5Ye9rN9rmrv2DPgF144D--yb1eOxZw6774oymXaY0pZDNvEkUo-XYnpumtLu0vMET6MFIbF20iXRvtf8hHWEn57ZRg==">corporateactions@computershare.com</a>. NOVADAQ&rsquo;s second quarter management&rsquo;s discussion and analysis and interim financial statements are expected to be released and filed on SEDAR and EDGAR on or about Friday, August 11, 2017.&nbsp; The Corporation will not host an earnings call to discuss second quarter results.

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NOVODAQ Receives Court Approval for Arrangement With Stryker

Events

Novadaq Technologies Holding Shareholder Meeting Today

Leading Advisory Firms ISS, Glass Lewis Support Plan of Arrangement Between NOVADAQ Technologies Inc. and Stryker Corporation

RBC Capital downgrades Novadaq Technologies Inc - Common Shares (NASDAQ:<a class="ticker" href="/stock/NVDQ#NASDAQ">NVDQ</a>) from Outperform to Sector Perform.

Downgrades

Analyst Ratings

RBC Capital Downgrades Novadaq Technologies Inc - Common Shares to Sector Perform

JMP Securities downgrades Novadaq Technologies Inc - Common Shares (NASDAQ:<a class="ticker" href="/stock/NVDQ#NASDAQ">NVDQ</a>) from Market Outperform to Market Perform.

JMP Securities Downgrades Novadaq Technologies Inc - Common Shares to Market Perform

Canaccord Genuity downgrades Novadaq Technologies Inc - Common Shares (NASDAQ:<a class="ticker" href="/stock/NVDQ#NASDAQ">NVDQ</a>) from Buy to Hold.

Canaccord Genuity Downgrades Novadaq Technologies Inc - Common Shares to Hold

Craig-Hallum downgrades Novadaq Technologies Inc - Common Shares (NASDAQ:<a class="ticker" href="/stock/NVDQ#NASDAQ">NVDQ</a>) from Buy to Hold and raises the Price Target from $9.00 to $11.75. -Reuters

Craig-Hallum Downgrades Novadaq Technologies Inc to Hold, Raises Price Target to $11.75

8-K From NOVADAQ Shows Co. To Be Purchased By Stryker For $11.75/Share In Cash

Novadaq Shares Halted News Pending

Analyst Color

NOVADAQ Shares Spike $0.15 Higher as Stifel Analyst Highlights 'Potentially Good News on Reimbursement Front'

Earnings

NOVADAQ Reports Q4 EPS $(0.32) vs. $(0.17) Est. $20.06M vs. $22.7M Est.

William Blair downgrades Novadaq Technologies Inc - Common Shares (NASDAQ: <a class="ticker" href="/stock/nvdq#NASDAQ">NVDQ</a>) from Outperform to Market Perform.

William Blair Downgrades Novadaq Technologies Inc - Common Shares to Market Perform

Guidance

NOVADAQ Sees FY17 Sales $98M-$102M vs $111.3M Est.

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Nvidia Is Up Over 150% YTD, But Some Are Flagging Risks – Trade Your Expectation Either Way With REX Shares Leveraged ETFs

Comments

ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF

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Ultime notizie per ETF Opportunities Trust T-Rex 2X Inverse NVIDIA Daily Target ETF (BATS:NVDQ)

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