Tradr ETFs Launches First 2X Daily Leveraged ETF on Xanadu Quantum
Tradr ETFs has launched a first-to-market Tradr 2X Long XNDU Daily ETF seeking twice the daily performance of Xanadu Quantum Technologies. The fund joins Tradr’s lineup of 64 leveraged ETFs with over $5 billion in assets, offering traders simplified two-times exposure without margin trading.
1. ETF Launch Details
Tradr ETFs introduced the Tradr 2X Long XNDU Daily ETF, ticker XNDX on Cboe, which targets 200% of Xanadu Quantum Technologies’ daily returns. It is the first single-stock leveraged ETF based on a quantum computing company’s public shares.
2. Product Positioning
The fund complements Tradr’s existing suite of 64 leveraged and inverse ETFs covering quantum stocks, including D-Wave, Rigetti and Quantum Computing Inc. It seeks to simplify exposure to Xanadu’s stock movements without the need for margin or options strategies.
3. Assets and Accessibility
Tradr ETFs manage over $5 billion across their products. The new ETF will be available through most brokerage platforms, enabling professional traders and sophisticated investors to express high-conviction views on Xanadu without direct leverage accounts.
4. Risk Considerations
The 2X strategy magnifies both gains and losses over daily periods and is intended for short-term trading. Investors should be aware of volatility drag, path dependency and potential for total principal loss if Xanadu’s shares move more than 50% adverse in a single day.