Fund Description
The 2x Chainlink ETF (Ticker: CHNU) is a leveraged LINK-linked ETF that seeks to provide daily investment results, before fees and expenses, that correspond generally to twice the performance of LINK for a single day, not for any other period (the "Daily Target").
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While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller gains/losses in LINK performance and higher LINK price volatility contribute to returns worse than the Daily Target. Larger gains/losses in LINK performance and lower LINK price volatility contribute to returns better than the Daily Target.
The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their investment in CHNU in light of their goals and risk tolerance.
CHNU invests in derivative instruments along with investments that collateralize those derivative instruments. It does not directly invest in LINK. There is no guarantee that the fund will meet its investment objective.