Key stats
About Defiance Daily Target 2X Long IREN ETF
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Inception date
Oct 21, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US88636W6509
IRE uses swap agreements and short-dated listed call options to make bullish bets on the share price of IREN Limited (NASDAQ: IREN). IREN Limited operates energy-efficient data centers that provide computing infrastructure for Bitcoin mining and AI workloads, focusing on scalable, sustainable power use for high-performance data processing. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in IRENs price through daily rebalancing. Returns may deviate from the expected 2x if held for longer than a single day due to factors such as volatility, compounding, or rebalancing effects. IRE may also hold US government securities, money market funds, short-term bond ETFs, and investment-grade corporate debt as collateral for its derivatives positions.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Stocks1.11%
Technology Services1.11%
Bonds, Cash & Other98.89%
Cash95.49%
Government1.86%
Mutual fund1.54%
Stock breakdown by region
North America62.62%
Oceania37.38%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
IRE assets under management is 18.18 M USD. It's risen 6.90 K% over the last month.
IRE fund flows account for 61.75 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, IRE doesn't pay dividends to its holders.
IRE shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Oct 21, 2025, and its management style is Active.
IRE expense ratio is 1.31% meaning you'd have to pay 1.31% of your investment to help manage the fund.
IRE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IRE invests in cash.
IRE trades at a premium (0.23%) meaning the ETF is trading at a higher price than the calculated NAV.