Daily Target 2X Long RIOT ETF
RIOX
New York Stock Exchange Arca- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
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.- Similar Companies
- Business
- Defiance Daily Target 2X Long RIOT ETF (RIOX) is an actively managed exchange-traded fund that seeks daily leveraged investment results corresponding to two times (200%) the daily percentage change in the share price of Riot Platforms, Inc. (Nasdaq: RIOT), before fees and expenses. The fund achieves this exposure primarily through derivatives, including swap agreements with counterparties such as Cantor, Marex, and BMO, as well as listed options contracts and short-dated in-the-money call options; it also holds U.S. Treasury Bills and cash equivalents for collateral and liquidity purposes. RIOX is non-diversified, designed for short-term trading by sophisticated investors who actively monitor their positions, and is distributed by Foreside Fund Services, LLC, with Tidal Investments, LLC serving as the investment adviser. Launched on January 2, 2025, RIOX represents Defiance ETFs' expansion into leveraged single-stock products focused on the cryptocurrency mining sector, building on the success of prior offerings like MSTX by providing amplified exposure to RIOT—a leader in Bitcoin mining, data center hosting, and engineering services—without requiring a margin account. The ETF, sponsored by Defiance ETFs LLC (founded in 2018 and headquartered in Miami, Florida), operates in the United States with a net expense ratio of 0.95% and total net assets of approximately $46 million as of recent data. It targets institutional and retail investors interested in high-volatility plays tied to blockchain infrastructure and digital assets, where RIOT holds significant Bitcoin reserves on its balance sheet. No major partnerships, acquisitions, funding rounds, or strategic shifts have been reported for RIOX or its sponsor since its inception earlier in 2025, with the primary development being its debut as the first 2X long leveraged single-stock ETF dedicated to Riot Platforms. The fund rebalances daily to maintain targeted leverage, emphasizing single-day performance rather than long-term holding, amid ongoing volatility in the underlying RIOT stock driven by Bitcoin market dynamics.