Tradr 2X Long CORZ Daily ETF (COZX) seeks to provide 200% of the daily performance of Core Scientific Inc. (CORZ), a Bitcoin mining and digital infrastructure company. This leveraged single-stock ETF amplifies exposure to one of the largest publicly traded cryptocurrency mining operations in North America.
How It Works
COZX uses derivatives including swaps and futures contracts to achieve twice the daily return of CORZ stock through mathematical leverage rather than borrowing. The fund resets its leverage ratio daily at market close, meaning each trading day starts fresh with 2:1 exposure regardless of previous performance. As a single-stock ETF, it holds no diversification beyond derivatives tied to Core Scientific's stock price and performance.
Key Features
- Provides 2x leveraged exposure to Core Scientific, a major Bitcoin mining company with significant digital asset infrastructure
- Daily rebalancing ensures consistent 2:1 leverage ratio but creates compounding effects unsuitable for multi-day holding periods
- Recently launched ETF offering concentrated exposure to cryptocurrency mining sector through single-stock amplification strategy
Risks
- This ETF can lose value rapidly due to daily compounding effects—if CORZ drops 10% then rises 10%, the fund does not return to break-even due to leverage mathematics
- Single-stock concentration means 100% correlation to Core Scientific's business risks including Bitcoin price volatility, mining difficulty changes, and operational challenges
- Cryptocurrency mining stocks can experience extreme volatility with potential for 50%+ daily moves during Bitcoin market stress or regulatory changes
Who Should Own This
Suitable only for sophisticated day traders and short-term speculators with high risk tolerance seeking amplified exposure to Bitcoin mining sector. Maximum recommended holding period of hours to days, never buy-and-hold. Should represent less than 5% of total portfolio due to extreme volatility and concentration risk.