CONX ETF — Direxion Daily COIN Bull 2X ETF

Direxion Daily COIN Bull 2X ETF (CONX)

Updated October 16, 2026.

CONX is an ETF linked to Coinbase Global (COIN). its distribution rate is 2.18%, its trailing-12-month yield is 3.53%, its expense ratio is 0.97%. Dividend Vision Distribution Safety Score™ is 22/100 (Unproven). Total return is -75.2% over the past 0.9 years, 42.5 points behind COIN at -32.7%.

This ETF seeks daily leveraged exposure to Coinbase Global (COIN), a cryptocurrency exchange platform, using 2X leverage through swap agreements and options to amplify price movements. The fund distributes quarterly at a modest current rate, with an expense ratio of 0.97%. It appeals to experienced investors seeking concentrated, leveraged exposure to cryptocurrency market movements, though the daily reset mechanism and leverage structure create complexity and costs unsuitable for buy-and-hold strategies.

CONX performance versus COIN

Price and return data through 2026-10-16.

Total return is -75.2% over the past 0.9 years, 42.5 points behind COIN at -32.7%. Its deepest 1-year drawdown was 82.2%.

CONX key facts

Distribution Safety Score™

22 · Unproven

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

11/18/2025

Expense ratio

0.97%

Distribution rate

2.18%

Distribution frequency

Quarterly

Trailing yield

3.53%

Last close

$5.87 (as of 2026-10-16)

AUM

$5,528,059

Average volume

171451.0

Dividend

$0.032

Ex-dividend date

09/22/2026

Payment date

09/29/2026

Beta

6.0971

How Dividend Vision calculates yield and returns

Distribution rate (2.18%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.53%) 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: Direxion; Index: Coinbase Global (COIN); 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.

CONX risks and drawbacks

CONX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed COIN over the available window. The deepest 1-year drawdown on record here is 82.2%.

Who may consider CONX — and who may not

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

More on CONX

• All tickers starting with C

Tagged: Leverage, Crypto.

Frequently asked questions

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