Defiance Daily Target 2X Long BITF ETF

Frequently Asked Questions About KEEX

What does KEEX invest in?

Managed by Tidal Investments LLC, the Defiance Daily Target 2X Long BITF ETF, which operates under the Tidal Trust II umbrella, is an exchange-traded fund that primarily directs its investments towards public stock markets. Its strategy involves employing financial derivatives, such as swaps and options, to gain exposure to enterprises operating within the Technology and Software industries. This fund seeks out a combination of growth and value stocks from companies across a broad spectrum of market capitalizations. It is officially registered and based in the United States.

What is the expense ratio of KEEX?

Defiance Daily Target 2X Long BITF ETF (KEEX) charges an expense ratio of 1.31%. This is the annual fee deducted from fund assets to cover management and operations.

Is KEEX a good long-term hold?

KEEX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does KEEX's daily reset work?

KEEX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is KEEX?

Defiance Daily Target 2X Long BITF ETF (KEEX) manages $5.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is KEEX actively managed or an index fund?

KEEX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.