21Shares 2x Long Dogecoin ETF

Frequently Asked Questions About TXXD

What does TXXD invest in?

TXXD fund aims to deliver 2x the price return of Dogecoin (DOGE) net fees and expenses, for a single day, through a combination of different derivatives. This includes swaps, futures, and options. A Cayman Islands subsidiary is used to hold DOGE-related investments under rules aligned with the Investment Company Act. The fund may employ reverse repurchase agreements or similar tools to help maintain exposure and manage cash flows. To maintain this exposure, the fund undergoes daily rebalancing. Returns may deviate from the expected 2x if held for longer than a single day due to compounding. Additionally, the fund could potentially lose money over time, even if DOGEs performance strengthens. Purchasers should conduct their stock research before initiating a position and trade with conviction. The fund is intended for investors with a high-risk tolerance and a short-term outlook. The primary function of Dogecoin is to provide an open-source peer-to-peer digital currency.

What is the expense ratio of TXXD?

21Shares 2x Long Dogecoin ETF (TXXD) charges an expense ratio of 1.89%. This is the annual fee deducted from fund assets to cover management and operations.

Is TXXD a good long-term hold?

TXXD 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 TXXD's daily reset work?

TXXD 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 TXXD?

21Shares 2x Long Dogecoin ETF (TXXD) manages $4.9M 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 TXXD actively managed or an index fund?

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