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Launched · SEC filings

Direxion Daily COIN Bull 2X ETF

CONXNasdaqBThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$6.55+0.11 (+1.69%)

At close: Oct 13, 2026, 4:00 PM

B63/ 100

Rank 2 of 5 in 2x Long Coinbase (COIN)

B63/100Rank 2 of 5in2x Long Coinbase (COIN)
Intraday session: up, 51 prints from 6.44 to 6.55. Range 6.37 to 6.61. Use the arrow keys to read each point.6.406.506.6010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$6M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
8
Avg volume · 30D
0.1M sh
NAV per share
$6.38
52W range
low $4.34high $28.34
Launched
Filings
SEC EDGAR

The ETF.net CONX Grade

Based on 5 of 6 pillars

B

Score 63 out of 100

Category
2x Long Coinbase (COIN)⁠
Rank
2 of 5
Six-pillar profile for CONX. Scores out of 100: Cost 51, Risk 62, Mission 92, Tradability 46, Holdings not scored, Durability 49. Strongest: Mission (92). Weakest: Tradability (46). Based on 5 of 6 pillars.

Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C51 out of 100
    Rank 3 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A92 out of 100
    Rank 2 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B62 out of 100
    Rank 2 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C46 out of 100
    Rank 4 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C49 out of 100
    Rank 3 of 5

Our read on CONX

ETF.net Research

BDirexion's late entry into the Coinbase leverage fight: 2x the daily move in COIN, priced a shade under the funds that got there first. A day-trader's tool that resets every session, not a set-and-forget holding.

Stated mandate

The fund seeks daily investment results equal to 200% of the performance of Coinbase Global, Inc. common shares, before fees and expenses.

Why people hold it

  1. 01Cheapest of the three 2x COIN funds at 0.99% a year, undercutting CONL (1.04%) and COIA (1.08%), and priced below the leveraged single-stock median.
  2. 02Does exactly what the label says: 200% of Coinbase's daily move before fees, and it has tracked that daily target closely since launch.direxion.com
  3. 03Pure single-name exposure through a mix of COIN shares and swaps. No crypto-basket dilution, no margin agreement, and losses are capped at what you put in.direxion.com

Worth knowing

  1. 01The 2x objective is a one-day objective. Hold longer and compounding takes over, so multi-day results can land far from twice COIN's move, especially in choppy tape.direxion.com
  2. 02Coinbase is a volatile single stock and this doubles that volatility daily. Drawdowns can be brutal, and the fund loses money on any down day for COIN.direxion.com
  3. 03Launched in late 2025, still a small fund and only moderately traded, so trading costs and fill quality can lag the longer-running COIN leverage products.

CONX Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
8
Top-10 weight
100%
Largest holding
Coin Swap Asset Leg (Coinmll)38.1%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Coin Swap Asset Leg (Coinmll)38.10%34,253$6M1
002—Coin Swap Asset Leg (Coinbcl)24.45%21,983$4M1
003—Goldman Finl Sq Trsry Inst 50616.40%2,644,773$3M98
004—Goldman Sachs Fin Gov 465 Institut7.13%1,150,000$1M76
005COINCoinbase Global Inc -Class A6.03%5,425$973K271
006—Dreyfus Govt Cash Man Ins5.22%842,420$842K108
007—Coin Swap Asset Leg (Coinctl)2.55%2,291$411K1
008—Coin Swap Asset Leg (Coingsl)0.11%100$18K1

Showing 1–8 of 8 holdings

CONX Performance

Launched Nov 19, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
CONX$3,698
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. CONX $3,698. SPY $11,500. Use the arrow keys to read each point.$1,941$7,675$13,409Dec 2025May 2026Oct 2026

Dec 31, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CONX. Periods over one year show the average yearly return.
PeriodCONX
Year to date−63.0%
1 month0.0%
3 months+7.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CONX
YearReturn barCONX
2026 YTD−63.0%
2025−26.3%

Since listing, Nov 19, 2025

CONX in the news

Filtered to CONX · 2x Long Coinbase (COIN) · Direxion

CONX Dividends

Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 23, 2025 $0.07; Mar 24, 2026 $0.07; Jun 23, 2026 $0.03; Sep 22, 2026 $0.03. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.03
Jun 23, 2026Jun 30, 2026$0.03
Mar 24, 2026Mar 31, 2026$0.07
Dec 23, 2025Dec 31, 2025$0.07

CONX Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.23
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CONX Cost

Expense ratio0.99%
  • The middle half of 2x Long Coinbase (COIN) funds
  • Median 0.99%

2 of the 5 2x Long Coinbase (COIN) funds charge less.

CONX costs $99.00 a year on $10,000. The median 2x Long Coinbase (COIN) fund costs $99.00.

Other funds in 2x Long Coinbase (COIN)

See others