BTCL ETF — T-Rex 2X Long Bitcoin Daily Target ETF

T-Rex 2X Long Bitcoin Daily Target ETF (BTCL)

Updated October 16, 2026.

BTCL is an ETF linked to Bitcoin (BTC-USD). its distribution rate is 2.60%, its trailing-12-month yield is 2.60%, its expense ratio is 0.95%. Dividend Vision Distribution Safety Score™ is 17/100 (Unproven). Total return is -19.0% over the past 2.3 years, 58.5 points behind SPY at 39.5%.

T-Rex 2X Long Bitcoin Daily Target ETF is a non-diversified fund that pursues daily leveraged exposure to Bitcoin price movements, targeting approximately 200% of the cryptocurrency's daily performance through financial instruments including derivatives. The fund carries a high expense ratio and distributes at a high rate, though distributions are not regular (marked N/A for frequency). This ETF appeals to active traders and investors seeking amplified short-term Bitcoin price exposure, though the daily rebalancing mechanism and leverage amplify both gains and losses, making it suitable only for experienced investors with high risk tolerance.

BTCL performance versus SPY

Price and return data through 2026-10-16.

Total return is -19.0% over the past 2.3 years, 58.5 points behind SPY at 39.5%. Over the past year its total return — price change plus distributions reinvested — is -61.3%. Its deepest 1-year drawdown was 80.5%.

BTCL key facts

Distribution Safety Score™

17 · Unproven

Issuer

REX Shares

Asset type

ETF

Asset class

Equity

Inception date

07/09/2024

Expense ratio

0.95%

Distribution rate

2.60%

Distribution frequency

Annual

Trailing yield

2.60%

Last close

$18.83 (as of 2026-10-16)

AUM

$37,794,018

Average volume

54169.0

Dividend

$0.49031

Ex-dividend date

12/24/2025

Beta

3.6568

How Dividend Vision calculates yield and returns

Distribution rate (2.60%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.60%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: REX Shares; Index: Bitcoin (BTC-USD); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BTCL risks and drawbacks

BTCL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 80.5%.

Who may consider BTCL — and who may not

BTCL may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (BTCL pays annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BTCL

• All tickers starting with B

Tagged: Bitcoin, Crypto, Leverage, Single.

Frequently asked questions

More securities from REX Shares.