What kind of product is KATT ETF? - A comprehensive guide to returns, expense ratios, holdings, and alternative ETFs
The T-REX 2X Long PURR Daily Target ETF (KATT) is a single-stock leveraged product that seeks to provide two times the daily return of Hyperliquid Strategies common stock. The structure does not pay dividends, and since short-term directional outlooks and holding periods determine returns, prior due diligence is required.
SubscribeWhat is the T-REX 2X Long PURR Daily Target ETF?
It is a single-stock leveraged product designed to deliver two times the daily return of Hyperliquid Strategies common stock listed on the Nasdaq. It does not track an index but provides exposure to a single individual stock, and its target is valid only on a daily basis.
It is suitable for experienced investors who can monitor positions daily for short-term directional bets and understand the leverage structure and volatility decay.
This is a passively managed ETF operated by Rex Shares.
How to invest in the T-REX 2X Long PURR Daily Target ETF?
| Item | Details |
|---|---|
| Tracking Target | Two times the daily return of Hyperliquid Strategies common stock |
| Management Style | Passive (Swap-based daily leverage tracking) |
| Rebalancing Frequency | Daily (Maintaining daily target ratio) |
| Dividend Frequency | Frequency unconfirmed (Check official documents) |
| Expense Ratio | 1.50% |
| Issuer | Rex Shares |
By combining total return swap contracts with the underlying common stock, it adjusts daily exposure to two times and rebalances to the target ratio at the close of each trading day. Rather than through index inclusion, the structure gains exposure through contracts with swap counterparties, and the held assets consist mostly of swap positions and cash equivalents.
- Achieves daily two-times exposure through swap contracts
- No diversification due to single-stock concentration structure
T-REX 2X Long PURR Daily Target ETF Size and Costs (AUM·Management Fee)
Assets Under Management (AUM) is $0.7M(approx. ₩900M), and the Expense Ratio is 1.50% per annum.
As it is in the early stages of listing, the trading volume is small and the bid-ask spread tends to be wide. For large orders, executing in tranches is safer.
T-REX 2X Long PURR Daily Target ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price Range
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 TQQQ | ProShares UltraPro QQQ 3x Shares | $62.01 | -10.5% | $35.8B | 0.78% | 0.78% | +7.8% |
 SOXL | Direxion Daily Semiconductor Bull 3X ETF | $77.05 | -24.8% | $24.4B | 0.75% | 0.12% | +62.6% |
 QLD | ProShares Ultra QQQ 2x Shares | $82.59 | -6.9% | $14.2B | 0.89% | 0.15% | +11.6% |
 SSO | ProShares Ultra S&P500 2x Shares | $67.67 | -3.6% | $8.8B | 0.84% | 0.7% | +16.6% |
 SPXL | Direxion Daily S&P 500 Bull 3X ETF | $270.35 | -5.4% | $7.1B | 0.84% | 0.54% | +21.6% |
Investor Checkpoints for T-REX 2X Long PURR Daily Target ETF
These are the items to review first when considering this ETF. For single-stock leveraged products, one must consider the underlying asset, holding period, and transaction costs together; approaching them without understanding the structure can lead to significant losses.
| Checkpoint | Details | Current Status |
|---|---|---|
| 💵 Total Expense Ratio | Whether swap management costs are included | Relatively high expense burden |
| 📈 Holding Period | Validity range of the daily target | Unsuitable for long-term holding |
| 💧 Liquidity | Bid-ask spread and trading volume | Small trading volume |
| ⚠ Underlying Asset | Dependence on the Hyperliquid ecosystem | Relatively high volatility |
If the underlying asset drops by more than half in a single day, most of the principal could be lost. Swap counterparties may terminate contracts prematurely, and as a new product, there is a risk of tracking error widening during the creation and redemption process.
This ETF is a tool for betting twice daily on the stock price of Hyperliquid Strategies. It is only suitable for investors who have a clear directional view and can monitor it daily; it is not suitable for long-term periodic accumulation.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of October 31, 2026.
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