| Investment Objective: |
The Fund seeks daily leveraged investment results, before fees and expenses, that correspond to two times (2X) the performance of the Target Portfolio providing exposure initially to the returns of the following crypto assets: ether, Solana and Ripple (each individually a "Crypto Asset" and collectively, the "Crypto Assets"). The investments employed by the Fund to achieve daily leveraged 2X exposure to the Target Portfolio will include a combination of the following: (i) swap agreements or option contracts on shares of one or more select U.S.-listed exchange traded products ("ETPs") that either hold Crypto Assets directly (known as "spot" ETPs) or that seek exposure to Crypto Assets indirectly through investments in derivatives that reference the performance of Crypto Assets (collectively, "Crypto Asset ETPs"); (ii) swap agreements or option contracts on U.S. Dollar ("USD") denominated indices or benchmarks that track the price of Crypto Assets; (iii) standardized, cash-settled Crypto Asset futures contracts traded on commodity exchanges registered with the U.S. Commodity Futures Trading Commission ("CFTC") ("Crypto Asset Futures Contracts"); and (iv) direct investments in U.S.-listed Crypto Asset ETPs. |
