T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ)Trading--Miscellaneous | Exchange Traded Fund | Cboe US
4.27 USD
+0.13
(3.019%)
⇧
(April 20, 2026, 4 p.m.
EDT)
Short-term: ★★☆☆☆ | Long-term: ★☆☆☆☆ | Dividends: ★☆☆☆☆ |
Hot Take | April 19, 2026, 1:17 a.m. EDT
BTCZ is a technical, short-term trap in disguise: recent price action shows a steady downward trend from $5.70 to $4.14 over 14 days, significantly below its 50-day moving average, confirming weak momentum. The instrument itself is a leveraged inverse ETF designed for quick trades based on Bitcoin's inverse movement; for long-term investors, this is a suboptimal position due to the 'volatility decay' inherent in 2x inverse daily ETNs, compounded by extreme negative skew in the underlying asset (Bitcoin), which ironically benefits the inverse fund's underlying but creates a fragile long-term hold as BTCZ's own NAV erodes rapidly in a prolonged volatile market. Avoid as a long-term play. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.306758 |
| MSTL | 0.307308 |
| AutoTheta | 0.376227 |
| AutoARIMA | 0.442421 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 80% |
| H-stat | 0.44 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.992 |
| Excess Kurtosis | 0.04 |
As of April 19, 2026, 1:17 a.m. EDT: Unusual activity indicates bearish positioning for the weekly (2026-04-17) and the weekly puts showing new flow at strikes 7.0 and 5.0, while Call OI remains heavily concentrated in the upside (OTM OI > 90% across expirations). However, the implied volatility surface shows deep OTM Calls expiring in May, June, and 2027 have near-zero to low IV relative to OTM Puts, suggesting the market prices in high volatility on downside shocks but limited probability on continued upside de-rating. Despite bullish Call positioning in specific strikes, the flow of new Put volume at significantly higher strikes suggests a hedge against further downside volatility.
| Date | Dividend | Yield % |
|---|---|---|
| 2024-12-24 | 0.005 | 0.094429 |
| Attribute | Value |
|---|---|
| All Time High | 29.68 |
| All Time Low | 2.3 |
| Ask | 4.26 |
| Ask Size | 93,100 |
| Average Daily Volume10 Day | 14,216,560 |
| Average Daily Volume3 Month | 18,473,947 |
| Average Volume | 18,473,947 |
| Average Volume10Days | 14,216,560 |
| Beta3 Year | 0.0 |
| Bid | 4.24 |
| Bid Size | 88,100 |
| Category | Trading--Miscellaneous |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 4.4301 |
| Day Low | 4.2401 |
| Dividend Yield | 0.01 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 5.3484 |
| Fifty Day Average Change | -1.0834002 |
| Fifty Day Average Change Percent | -0.2025653 |
| Fifty Two Week Change Percent | -13.838387 |
| Fifty Two Week High | 7.34 |
| Fifty Two Week High Change | -3.0750003 |
| Fifty Two Week High Change Percent | -0.41893736 |
| Fifty Two Week Low | 2.3 |
| Fifty Two Week Low Change | 1.9649999 |
| Fifty Two Week Low Change Percent | 0.8543478 |
| Fifty Two Week Range | 2.3 - 7.34 |
| First Trade Date Milliseconds | 1,720,618,200,000 |
| Full Exchange Name | Cboe US |
| Fund Family | Rex |
| Fund Inception Date | 1,720,483,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% inverse (opposite) exposure to the price performance of the Reference Assets on a daily basis. The fund is non-diversified. |
| Long Name | T-Rex 2X Inverse Bitcoin Daily Target ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1873001374 |
| Nav Price | 4.2649 |
| Net Assets | 26,551,100.0 |
| Net Expense Ratio | 0.95 |
| Open | 4.38 |
| Phone | (800) 673-0550 |
| Pre Market Change | 0.03000021 |
| Pre Market Change Percent | 0.70258105 |
| Pre Market Price | 4.3 |
| Pre Market Time | 1,776,777,627 |
| Previous Close | 4.14 |
| Price Hint | 4 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.125 |
| Regular Market Change Percent | 3.01932 |
| Regular Market Day High | 4.4301 |
| Regular Market Day Low | 4.2401 |
| Regular Market Day Range | 4.2401 - 4.4301 |
| Regular Market Open | 4.38 |
| Regular Market Previous Close | 4.14 |
| Regular Market Price | 4.265 |
| Regular Market Time | 1,776,715,200 |
| Regular Market Volume | 14,532,824 |
| Short Name | T-Rex 2X Inverse Bitcoin Daily |
| Source Interval | 15 |
| Symbol | BTCZ |
| Total Assets | 26,551,100 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 30.11908 |
| Trailing Three Month Returns | 30.11908 |
| Triggerable | 1 |
| Two Hundred Day Average | 3.877875 |
| Two Hundred Day Average Change | 0.38712478 |
| Two Hundred Day Average Change Percent | 0.0998291 |
| Type Disp | ETF |
| Volume | 14,532,824 |
| Yield | 0.0001 |
| Ytd Return | 30.11908 |