Ticker:
GLGG
2x Long GLXY Daily ETF
Expense Ratio: 0.75%
*Short-term investment. Leveraged funds carry significant risk.
Overview
What is the GLGG ETF?
The Leverage Shares 2x Long GLXY Daily ETF (GLGG) is a 2x Daily Leveraged (Bull) exchange traded fund (ETF) designed to provide 200% (2x) the daily performance of Galaxy Digital Inc. stock (GLXY), minus fees and expenses. This product allows sophisticated investors and active traders to gain magnified exposure to a single stock through a regulated, liquid leveraged ETF structure listed on NASDAQ.
Fund Objective
To seek daily investment results, before fees and expenses, that correspond to 200% (2x) the daily performance of the underlying stock (GLXY).
Who is this fund for?
Sophisticated investors and active traders seeking to magnify short-term bullish views or tactically hedge positions, via transparent leverage and without using a margin account.
Management fees lower than the category average
*Source: etf.com. Universe: U.S.-listed 1940 Act ETFs providing leveraged daily exposure to a single stock (as screened). Net expense ratio as shown on etf.com. Expense ratios are subject to change. Peer-group average net expense ratio: 1.25% across 172 funds (unweighted average), as of December 16, 2025.
Key Facts
Key Information
As of 05/15/2026
Trading Details
As of 05/15/2026
Distributions
As of 05/15/2026
2025 Distribution Schedule
Distribution Schedule (.xlsx)*The 30-day SEC yield is a standardized calculation used for bond funds, specifically those registered with the U.S. Securities and Exchange Commission (SEC). It represents the net investment income (dividends and interest) earned over the last 30 days, after deducting expenses, and expressed as an annualized rate.
Distributions are not guaranteed.
ETF Prices
As of 05/14/2026
Holdings & Characteristics
Fund Holdings*
As of 05/15/2026
*Holdings Subject to Change
The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if GLXY’s performance is flat, and it is possible that the Fund will lose money even if GLXY performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the price of GLXY falls by more than 50% in one trading day.
Because of daily rebalancing and the compounding of each day’s return over time, the return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from 200% of the return of the underlying security over the same period. The Fund will lose money if the underlying security performance is flat over time, and as a result of daily rebalancing, the underlying security’s volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the underlying security’s performance increases over a period longer than a single day.
Sector & Country Breakdown
Performance
Performance History
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (NBBO) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses, or sales charges. One cannot invest directly in an index.
Key Features & Competitive Advantages
Cost Leadership (0.75% Expense Ratio)
GLGG features a total expense ratio of 0.75%, which is approximately 40% lower than the category average for comparable leveraged single-stock ETFs. This minimizes the drag on returns for active traders.
Risk Management (No Margin Calls)
Unlike trading on margin, investors in GLGG cannot lose more than their initial investment. There is no risk of a broker issuing a margin call that demands more cash, providing a defined-risk structure for leveraged exposure.
Institutional-Grade Collateral
The fund’s synthetic exposure is backed by US Treasury Obligations, providing a layer of safety and credit quality regarding the fund's assets, distinct from competitors that may hold lower-grade cash equivalents.
High Liquidity & Access
Traded on NASDAQ, GLGG offers intraday liquidity with tight , allowing traders to enter and exit positions instantly during market hours without the complexity of or contracts.
Frequently Asked Questions about GLGG
The Leverage Shares 2x Long GLXY Daily ETF (GLGG) features a total expense ratio of 0.75%. This is currently one of the most cost-efficient structures for 2x leveraged exposure in the U.S. market.
GLGG is designed for short-term trading (intraday or daily). While you can hold it longer, the fund rebalances daily to maintain its 2x target. Over time, this daily rebalancing may cause your returns to differ significantly from the underlying stock due to volatility decay.
An investor in GLGG can lose the full value of their investment if the underlying stock drops by more than 50% in a single trading day. However, unlike trading on margin, you cannot lose more than your initial investment (you cannot go into debt).
A leveraged ETF is an exchange-traded fund that uses financial derivatives and debt to amplify the daily returns of an underlying index or benchmark. For example, a 2x leveraged S&P 500 ETF aims to return twice the daily performance of the - if the index rises 1%, the ETF targets a 2% gain; if it falls 1%, the ETF targets a 2% loss.
They typically use derivatives like total return , contracts, and . The fund manager rebalances these positions daily to maintain the target leverage ratio.
The leverage target applies to single-day returns, not longer periods. Each day, the fund rebalances to restore its leverage ratio based on the new net asset value. This daily reset is fundamental to how these products work.
Because of daily rebalancing, leveraged ETFs can lose value over time even if the underlying index ends up flat, particularly in choppy, volatile markets. When an index moves up and down repeatedly, the compounding of daily leveraged returns erodes value. This effect intensifies with higher leverage and greater volatility.
Generally no. They’re designed for short-term tactical trading, often single-day holds. Holding them for weeks or months can produce returns that diverge significantly from what you might expect based on the index’s performance over that period, sometimes dramatically so in volatile markets.
