2 months ago
The 2 best-performing exchange-traded funds (ETFs) year-to-date are exposed to abbreviated Ethereum (ETH) 2x leveraged positions.
Bloomberg elder ETF expert Eric Balchunas shared connected April 9 that the UltraShort Ether ETF (ETHD), managed by ProShares, surpassed 247% successful year-to-date returns and registered astir $14 cardinal successful assets nether management.
REX Shares’ T-Rex 2X Inverse Ether Daily Target ETF (ETQ) followed closely, with a 219.2% show successful the aforesaid play and $1.57 cardinal successful assets.
Balchunas said:
“The champion performing ETF this twelvemonth is the -2x Ether ETF $ETHD, up 247%. #2 is the different -2x Ether ETF. I was definite it would beryllium $UVIX (2x VIX), but that’s #3. Brutal.”
Ethereum terms reversal fuels inverse performance
Although the funds are designed for short-term directional exposure, the prolonged drawdown successful Ether has created conditions nether which regular compounding effects person amplified gains for inverse leveraged products.
While risky implicit extended periods owed to way dependency, these mechanics person favored these funds successful a sustained downward terms environment.
According to Balchunas, this show surpassed that of UVIX, a 2x leveraged VIX-linked ETF, which had been expected to apical the leaderboard but presently ranks 3rd astatine 171.7% returns.
The outperformance of ETHD and ETQ coincides with a crisp correction successful Ethereum’s terms since the opening of 2025.
As of April 9, ETH is down 50%, a correction that was softened aft President Donald Trump paused for 90 days the tariffs for countries unfastened to negociate with the US. In the aforesaid period, the crypto marketplace averaged a 48.5% correction, according to Artemis data.
The show comes successful a twelvemonth erstwhile volatility and macroeconomic uncertainty person produced uneven conditions crossed integer assets, with leveraged inverse products benefiting from directional bias implicit aggregate sessions.
Ethereum’s weakness has besides diverged from Bitcoin’s (BTC) 12.4% year-to-date correction, suggesting much resilience amid ETF inflows and organization interest.
Additionally, the BTC/ETH brace reached an all-time debased of 0.1855 BTC connected April 9, maintaining a descending inclination that started successful September 2022.
The station Ethereum 2X abbreviated ETFs pb show with triple-digit YTD returns appeared archetypal connected CryptoSlate.
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