The Motley FoolT3·16mo ago
ETHU 2x Ether ETF
ETF 25.52 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
ETHU
$25.52
—
Key stats
$25.52
- 52-Week Range
- $10.72 – $142.57
- YTD
- -57.72%
- IV Rank (30D)
- 19.59
- Straddle Price
- $5.10
- P/C Vol Ratio
- 4.29
- Open
- $25.94
- Day Range
- $25.46 – $26.06
- Volume
- 2,906,845
- Prev Close
- $25.29
About
2x Ether ETF (ETHU) ETF
No description available.
- Exchange
- BATS
- Inception
- 2024-06-03
- Has Options
- Yes
Fund profile
holdings as of May 31, 2026SEC filingthrough May 2026flows, SEC filings
Leveraged & Inverse
Leveraged & Inverse Crypto#2 of 27 by assets
Volatility Shares
Ether
Actively managed
Resets to 2x its benchmark's return each day. Over longer periods the result compounds and can differ sharply from 2x the benchmark, especially when it is volatile. Decay analysis
- Expense ratio
- 2.97% prospectus, filed Jun 26, 2026
- Assets
- $1.1B shares × price, Oct 9, 2026
- Trailing yield
- 1.78% paid monthly
- Average daily volume
- $196M 30 sessions
- Holdings
- 4 top 10 are 353.4%
- Listed
- Jun 3, 2024 Cboe BZX
- Last fee change
- +30 bp filed Jun 26, 2026
Cost1
Liquidity100
Scale71
Diversificationn/a
Moves with. Bitcoin (80% of its variance, beta 2.45). These factors explain 85% of its daily moves over the last year.
Stated objective. The 2x Ether ETF (the Fund or ETHU) seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of ether. (from the fund's prospectus)
All 4 holdingsFlow historyOverlap toolAll Leveraged & Inverse Crypto ETFs
Fund flows
through May 2026SEC filings- May 2026
- +$12M latest reported month
- Latest 3 months
- +$97M +12.3% of assets
- Latest 12 months
- +$1.6B +207.4% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$12M |
| Apr 2026 | +$25M |
| Mar 2026 | +$60M |
| Feb 2026 | +$176M |
| Jan 2026 | −$42M |
| Dec 2025 | +$237M |
| Nov 2025 | +$77M |
| Oct 2025 | +$468M |
| Sep 2025 | +$446M |
| Aug 2025 | +$238M |
| Jul 2025 | −$283M |
| Jun 2025 | +$225M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 24 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| BITX2x Bitcoin ETF | — | 2.75% | $1.3B | −70.3% | compare |
| BITUProShares Ultra Bitcoin ETF | — | 0.95% | $577M | −76.1% | compare |
| ETHTProShares Ultra Ether ETF | — | — | $250M | −84.3% | compare |
| SBITProShares UltraShort Bitcoin ETF | — | — | $129M | +26.8% | compare |
| XXRPTeucrium 2x Long Daily XRP ETF | — | 2.77% | $88M | −90.9% | compare |
The largest other funds in the Leveraged & Inverse Crypto category.
Under the hood
fiscal year to Feb 28, 2026SEC census- Authorized participants
- 6 active of 7 with agreements; top 3 did 89%
- Created · redeemed
- $3.7B · $2.0B over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 10,000 shares
- Securities lending
- not authorized
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2027-02-28
Holdings
4
AUM
$118.8M
Provider
Nport
Inception
2024-06-03
Exchange
BATS
Data As Of
2027-02-28
Expense Ratio
2.97%
Dividend Yield
1.78%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-23 | 2026-09-24 | $0.0209 | CD |
| 2026-08-19 | 2026-08-20 | $0.0115 | CD |
| 2026-07-22 | 2026-07-23 | $0.0148 | CD |
| 2026-06-17 | 2026-06-18 | $0.0143 | CD |
| 2026-05-20 | 2026-05-21 | $0.0274 | CD |
| 2026-04-22 | 2026-04-23 | $0.0133 | CD |
Asset Allocation
Top Holdings
top 4 of 4 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | TREASURY BILL | 353.35% | Debt | US |
| — | US Bank Money Market Deposit Account | 19.50% | Short-term investment | US |
| — | N/A | -8.12% | Derivative (FX) | US |
| — | Marex | -349.71% | Repurchase agreement | US |
Non-Equity Breakdown
2x Ether ETF ·
NPORT-P period 2026-05-31
(filed 2026-09-02)
Net assets:
$791M
· 4 total positions
· equity 0.00%
· non-equity 15.02%
Non-equity holdings
— 4 positions,
15.02% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| US Treasury | 353.35% | $2.79B | 1 |
| Short-term investment | 19.50% | $154.2M | 1 |
| Derivative (FX) | -8.12% | $-64206785 | 1 |
| Repurchase agreement | -349.71% | $-2765000000 | 1 |
Chart
Seasonality
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | -13.93% | -29.80% | -21.87% |
| Feb | -- | -35.40% | -36.49% | -35.95% |
| Mar | -- | -30.75% | 0.86% | -14.95% |
| Apr | -- | -19.45% | 8.79% | -5.33% |
| May | -- | 81.44% | -25.32% | 28.06% |
| Jun | -24.14% | -5.73% | -41.34% | -23.74% |
| Jul | -14.88% | 129.01% | 29.67% | 47.93% |
| Aug | -42.50% | 42.54% | 71.15% | 23.73% |
| Sep | 8.45% | -8.36% | 18.43% | 6.17% |
| Oct | -1.72% | -24.22% | -16.66%* | -14.20% |
| Nov | 90.49% | -32.62% | -- | 28.93% |
| Dec | -21.21% | 11.22% | -- | -5.00% |
| Total | -40.60% | -9.88% | -53.06% | -34.51% |
* Only 3 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $28.94
SMA 50: $24.46
SMA 200: $26.35
Current: $25.52
EMA 12: $28.36
EMA 26: $27.66
MACD: 0.6958 | Signal: -0.8647
BULLISH
ADX (14): 31.97
TREND
+DI: 23.41
−DI: 29.83
Momentum Oscillators
RSI (14): 42.56
NEUTRAL
Stoch %K: 15.52
Stoch %D: 33.92
Williams %R: -82.27
Volume & Volatility
BB Upper: $33.76
BB Lower: $24.11
NEUTRAL
OBV: -167,107,565
Vol SMA 20: 6,798,143
Vol ROC: -53.44%
ATR: $1.95
True Range: $0.77
HV 20: 92.7%
HV 30: 88.6%
HV 60: 90.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis
LLM Stock Analysis Report
SYMBOL: ETHU
Executive Summary Overall Assessment: BEARISH (confidence level 7/10) Key drivers: High volatility, bearish MACD signals, oversold RSI Primary risks: Market sentiment aligning with technical signals, potential for further price decline Investment thesis: Risk-reward analysis suggests selling or hedging exposure, but medium-term trend direction unclear Recent news sentiment impact: Neutral to bearish headlines did not significantly influence stock price
Technical Analysis Trend Direction: Short-term: BEARISH (1-4 weeks), Medium-term: NEUTRAL (1-3 months), Long-term: BEARISH (3-12 months) Support/Resistance Levels: Key price levels: SMA 20 ($17.95), Bollinger Bands Upper ($25.90) Momentum Signals: * RSI interpretation: Oversold (<30) with room for potential bounce * MACD signal: Bearish (crossover below signal line) * Bollinger Bands position: Squeeze, with potential mean reversion * Volume Analysis: Low volume and institutional interest signals caution
News & Sentiment Analysis Recent Headlines Summary: Neutral headlines did not significantly impact stock price Sentiment Assessment: Aggregate news sentiment: NEUTRAL (50%) Catalyst Identification: No upcoming earnings or product launches; regulatory changes may be a catalyst for future price movements Market Narrative: News sentiment aligns with bearish technical signals, indicating potential for further price decline
Risk & Volatility Assessment Beta Interpretation: High volatility, stock moves more than market (beta 6.03) Volatility Regime: Current vs historical volatility levels: Higher than average (HV20 121.2%, HV30 106.9%) Options Market Signals: IV rank: Medium (26.1%), current IV: 151.6% (historically high), expected move: $3.05 Downside Protection: Support levels and risk management considerations: SMA 20 ($17.95), Bollinger Bands Lower ($10.00)
Market Context & Positioning Sector Performance: Relative strength vs sector/market: Neutral to bearish Institutional Activity: Volume patterns suggesting institutional interest: Low volume, cautionary signals Correlation Analysis: Stock moves relatively strongly with market (R-squared interpretation) Relative Valuation: Position within trading range: Oversold and potentially near support
Key Levels & Action Items Critical Price Levels: Support/resistance to monitor: SMA 20 ($17.95), Bollinger Bands Upper ($25.90) Breakout/Breakdown Levels: Technical levels that could trigger significant moves: Breakout above upper band or breakdown below lower band Time-Sensitive Catalysts: No immediate earnings or product launches; regulatory changes may be a catalyst for future price movements Risk Management: Stop-loss levels and position sizing considerations: Set stop-loss at SMA 20 ($17.95) and consider reducing exposure
Please note that this analysis is based on the provided data, and actual market conditions may differ. The report aims to provide a comprehensive risk-reward assessment and highlights potential catalysts for future price movements.
Generated
News
All ETHU news →
The Motley FoolT3·17mo ago
GlobeNewswire Inc.T3·22mo ago
ETHU Options Activity & IV Rank
ETHU IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 92.2%
7-DTE IV: 80.9%
Expected Move: $5.10
7-DTE Move: $2.30
Days to Exp: 28 (2026-11-06)
Options Flow
Call Volume: 127
Put Volume: 545
P/C Volume: 4.291
BEARISH
Call OI: 175
Put OI: 1,848
P/C OI: 10.56
Total OI: 2,023
ATM Options Pricing
ATM Call: $2.58
ATM Put: $2.52
Call %: 10.1%
Put %: 9.9%
Chain Summary
Chain Volume: 14,334
Chain OI: 94,446
Last Updated: 10/9/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 20th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
20%
vs own history
GEX tilt
-0.39
OI-weighted, today
Vanna tilt
+0.13
δ-sensitivity to IV
Charm tilt
-0.20
δ-decay vs time
? What is this?
· 119 ATM contracts, 16k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
66%
+13.8
pts
EXTREME
as of Oct 9 · ATM 88.7% / Wing 102.5%
30 DTE / 10d
51%
+9.6
pts
EXTREME
as of Oct 9 · ATM 91.2% / Wing 100.8%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)18.5LowOct 9
IV Rank (30 DTE)19.6LowOct 9
Straddle Price (30 DTE)$5.10Oct 9
Beta Analysis
Risk Metrics
Beta: 5.0179
Alpha: -165.97%
Correlation: 0.5111
R-Squared: 26.1%
Stock Volatility: 128.0%
Market Volatility: 13.0%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
ETHU Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
5 filers$39.23M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Wolverine Trading, LLC Custodian | $23.80M | 60.66% | 2025-09-30 |
| 2 | Susquehanna International Group, LLP Custodian | $7.44M | 18.97% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $4.23M | 10.78% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $2.55M | 6.50% | 2026-06-30 |
| 5 | LMR Partners LLP | $1.21M | 3.08% | 2026-06-30 |
5 filers$31.86M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Wolverine Trading, LLC Custodian | $16.51M | 51.81% | 2025-09-30 |
| 2 | Susquehanna International Group, LLP Custodian | $7.04M | 22.11% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $5.31M | 16.66% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $2.49M | 7.80% | 2026-06-30 |
| 5 | LMR Partners LLP | $516.87K | 1.62% | 2026-06-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
4.75M
SI % of Float
11.03%
Days to Cover
1.00
Short Vol Ratio
48.6%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-09
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|