Key Highlights

  • Tradr 2X Long CRML Daily ETF (CBOE:CRMX) fell 35.09 percent over the week to USD 19.90, after a 6.62 percent decline on the day, and sits 93.08 percent below its all-time high.
  • Critical Metals Corp (NASDAQ:CRML) surged 38.63 percent to USD 9.33 on Monday, September 21 on a U.S.-Denmark-Greenland security deal, then slipped to USD 7.65 by September 28, an 18.0 percent round trip lower by our arithmetic.
  • Analysts note the security pact covers military rights, not Mining permits, and Tanbreez remains pre-revenue.
  • Leverage Shares 2x fund (NASDAQ:CRMU) fell 35.61 percent over the week and trades near USD 2.13.

What CRMX is and how the reset works

Tradr 2X Long CRML Daily ETF (CBOE:CRMX) is issued by Tradr and trades on Cboe BZX. It launched January 12, 2026 with a 1.49 percent expense ratio and about USD 9.6 million in Assets on the latest data. Holdings consist of contracts for difference on Critical Metals Corp (NASDAQ:CRML) sized to roughly 200 percent of net assets, plus cash. The fund targets twice the daily move and resets every day. It completed a 1-for-3 reverse split effective March 10, 2026, per an Options clearing notice. Leverage Shares offers a rival fund (NASDAQ:CRMU), launched February 10, 2026 with a 0.75 percent expense ratio and about USD 2.5 million in assets.

Why Critical Metals fell

Critical Metals Corp (NASDAQ:CRML) holds a 92.5 percent stake in Tanbreez in southern Greenland, which it pitches as a non-Chinese source of heavy rare earths. On Monday, September 21, shares jumped 38.63 percent after Washington, Copenhagen and Nuuk agreed a security pact. The pullback began the next day: an 8.47 percent fall to USD 8.54 on September 22, another 9.60 percent drop to USD 7.72 on September 23, a 5.83 percent bounce, then declines of 4.16 percent and 2.30 percent. Commentators called it profit taking, since the deal covers military rights, not permits. Refinery studies pointing to potential annual Revenue of USD 1.8 billion to USD 2.2 billion are still studies, and July filings covering over 20 million resale shares raised dilution concerns.

Why the fund fell far more than twice the stock

With Critical Metals Corp (NASDAQ:CRML) sliding roughly 18 percent from Monday's close, a 2x fund would lose about 36 percent on simple arithmetic, close to the 35.09 percent reported. Over longer spans the gap widens. If a stock falls 10 percent and then rises 10 percent, it ends 1 percent lower, while a daily 2x fund ends 4 percent lower. Erratic sequences like a 38.63 percent surge followed by successive drops drive Volatility decay. The 62.02 percent three-month loss for Tradr 2X Long CRML Daily ETF (CBOE:CRMX) and 26.95 percent one-month loss show how compounding magnifies losses.

Where Things Stand

It depends, and the numbers lean cautious. Tradr 2X Long CRML Daily ETF (CBOE:CRMX) fell 35.09 percent in a week after Critical Metals Corp (NASDAQ:CRML) surrendered part of a single-day rally, and the fund is 93.08 percent below its high. Bulls point to geopolitical support, Tanbreez studies and a Clear Street Buy rating with a USD 20 target. Bears point to a pre-revenue profile, permitting and financing hurdles, insider selling and dilution. Tradr's own materials describe such funds as short-term tools that reset daily, so results can diverge sharply from the stock over any longer period. Nothing here is a recommendation.