CRCG +2x Leverage Shares 2X Long CRCL Daily ETF

CRCG

ETF +2x BULL standard
Leverage Shares 2X Long CRCL Daily ETF
Issuer: Leverage Shares · Tracks: CRCL · Listed: 2025-08-08
Implied AUM
$95.3M
Last Close
$9.02
20260720
30d Avg Vol
3,183,847
Options
available
Realized return vs theoretical +2x CRCL
Pair counterpart found: CRCD (-2x bear, T-REX 2X Inverse CRCL Daily Target ETF)
Shorting both legs of a daily-reset bull/bear pair captures combined decay drift over time. Theoretical "free money" — actual edge depends on borrow rates (often punitive on the bear leg) and assignment risk on hard-to-borrow products.
Other leveraged products tracking CRCL
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
CCUP +2x BULL T-Rex T-REX 2X Long CRCL Daily Target ETF $35.9M 6,629,968
CRCD -2x BEAR T-Rex T-REX 2X Inverse CRCL Daily Target ETF $7.1M 2,408,756

How CRCG works

CRCG targets +2x the daily return of CRCL — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on CRCG carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.