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CRWU is an actively managed, 2x daily leveraged ETF designed to deliver 200% of CoreWeave, Inc. (CRWV) stock’s one-day move, before fees.
It primarily uses swap agreements (and may also use call options, including FLEX options, or hold CRWV shares) and rebalances daily to reset leverage.
This is built as a short-term tactical trading tool—holding longer than a day can produce results that differ materially from “2x.
This fund is like a turbo button for CoreWeave’s stock: it tries to make your daily gain/loss about double CRWV’s move. Under the hood, you mostly own derivatives (swaps/options) plus cash-like holdings (money market funds and short-term debt) used for collateral and liquidity.
2.00x leverage. Resets daily. Designed for short-term trading.
Concentrated single-asset exposure. Higher volatility.