Daily Target 2X Long BITF ETF
BTFL
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Stephen Foy
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 234 West Florida Street Milwaukee NY United States of America 53204
- IPO Date
- Dec 31, 2025
- CIK
- 0001924868
- Website
- egacquisition.com
- Similar Companies
- Business
- Tidal Trust II operates as an issuer of exchange-traded funds (ETFs), focusing on leveraged and thematic investment products for retail and institutional investors. The Defiance Daily Target 2X Long BITF ETF (ticker: BTFL) is a core offering that seeks daily investment results, before fees and expenses, corresponding to two times (2X) the daily performance of the Bitfarms Ltd. stock (NASDAQ: BITF), providing amplified exposure to the cryptocurrency mining sector through a single-stock leveraged strategy. Tidal Trust II offers a range of ETFs including leveraged equity funds, sector-specific products, and income-focused strategies; it does not engage in direct asset management but partners with sub-advisors like Defiance ETFs for specialized portfolio construction and daily rebalancing to achieve target leverage. Founded in 2021 and headquartered in Milwaukee, Wisconsin, with operational support in New York, the trust primarily serves U.S. investors through listings on major exchanges like Cboe BZX. Its business segments encompass active and passive ETFs targeting niche markets such as technology, commodities, and digital assets, with BTFL launched in late 2024 to capitalize on growing interest in Bitcoin mining equities amid industry consolidation. Geographically, operations are U.S.-centric, distributing products nationwide via broker-dealers and platforms like Schwab, Fidelity, and Robinhood. In the past year, Tidal Trust II expanded its lineup through strategic alliances with Defiance ETFs, integrating leveraged single-stock products like BTFL into its platform following the latter's acquisition by Tidal in 2024; this move enhanced its offerings in high-growth sectors without developing proprietary strategies. No major funding rounds or name changes occurred, but the firm pursued operational efficiencies by streamlining sub-advisor relationships and launching BTFL amid surging demand for 2X leveraged crypto miners exposure post-Bitcoin halving. These developments position Tidal Trust II to capture market share in the $100 billion+ leveraged ETF space.