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Launched

21Shares 2x Long Dogecoin ETF

TXXDNasdaqDThis 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.

$37.02−0.49 (−1.30%)

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

D37/ 100

Rank 10 of 15 in 2x Long Crypto

D37/100Rank 10 of 15in2x Long Crypto
Intraday session: down, 34 prints from 37.51 to 37.02. Range 36.30 to 37.38. Use the arrow keys to read each point.36.2536.5036.7537.2510 AM12 PM2 PM4 PM
Expense ratio
1.89%
Fund size
$5M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
3
Avg volume · 30D
0.1M sh
NAV per share
$36.84
52W range
low $28.00high $276.80
Launched

The ETF.net TXXD Grade

Based on 4 of 6 pillars

D

Score 37 out of 100

Category
2x Long Crypto⁠
Rank
10 of 15
Six-pillar profile for TXXD. Scores out of 100: Cost 46, Risk 30, Mission not scored, Tradability 30, Holdings not scored, Durability 23. Strongest: Cost (46). Weakest: Durability (23). Based on 4 of 6 pillars.

Score 37 of 100 falls in the D 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.
    C46 out of 100
    Rank 7 of 15

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D30 out of 100
    Rank 13 of 15

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D30 out of 100
    Rank 10 of 15

  • 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.
    F23 out of 100
    Rank 13 of 15

Our read on TXXD

ETF.net Research

DThe 2x wrappers came for Bitcoin and Ether first. This one points the same machinery at the meme coin: twice Dogecoin's daily price move, held in a brokerage account, reset at every NAV.

Stated mandate

The fund seeks daily, before-fee-and-expense returns equal to twice Dogecoin's daily price performance, measured from one NAV calculation to the next. It is not designed to achieve that objective over periods longer than one day.

Why people hold it

  1. 01Aims for twice Dogecoin's daily price move, measured from one NAV to the next. No exchange account, no wallet, no private keys to guard.21shares.com
  2. 02The leverage lives inside the fund, so there is no margin account, no borrowing rate to track and no maintenance call to answer.cdn.21shares.com
  3. 03The 1.89% annual fee sits in the normal range for single-coin 2x funds, not at the top of it.
  4. 04One job, one reference asset: Dogecoin exposure from 21Shares, a crypto-only issuer, with nothing else bolted onto the portfolio.

Worth knowing

  1. 01The 2x target is a one-day target. Hold longer and daily compounding takes over, so multi-day results can drift well away from twice Dogecoin's move.cdn.21shares.com
  2. 02It is a commodity pool, not a standard 1940 Act stock fund, so the structure, disclosures and tax paperwork work differently.cdn.21shares.com
  3. 03Launched in late 2025 and still a small fund, it trades lighter than the established 2x Bitcoin and Ether names (BITU, ETHT), which can show up in spreads.

TXXD Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
3
Top-10 weight
100%
Largest holding
Dogecoin Futures Oct2666.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Dogecoin Futures Oct2666.65%21,523$9M1
002—Cash & Other28.95%3,965,526$4M672
003—Us Bank Mmda - Usbgfs 9 09/01/20374.40%602,030$602K163

Showing 1–3 of 3 holdings

TXXD Performance

Launched Nov 20, 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.
TXXD$2,907
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. TXXD $2,907. SPY $11,500. Use the arrow keys to read each point.$1,092$9,129$17,166Dec 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 TXXD. Periods over one year show the average yearly return.
PeriodTXXD
Year to date−70.9%
1 month−5.9%
3 months+11.0%
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 TXXD
YearReturn barTXXD
2026 YTD−70.9%
2025−47.1%

Since listing, Nov 20, 2025

TXXD in the news

Filtered to TXXD · 2x Long Crypto

TXXD Dividends

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

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Feb 25, 2026 $0.03. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Feb 25, 2026Feb 26, 2026$0.03

TXXD 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.
3.56
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.

TXXD Cost

Expense ratio1.89%
  • The middle half of 2x Long Crypto funds
  • Median 1.89%

6 of the 14 2x Long Crypto funds charge less.

TXXD costs $189.00 a year on $10,000. The median 2x Long Crypto fund costs $189.00.

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