Key Highlights

  • The week's losses were 43.11 percent for T-REX 2X Long EOSE Daily Target ETF (CBOE:EOSU), 36.29 percent for T-REX 2X Long RBLX Daily Target ETF (CBOE:RBLU), 35.09 percent for Tradr 2X Long CRML Daily ETF (CBOE:CRMX) and 32.92 percent for Tradr 2X Long XNDU Daily ETF (CBOE:XNDX).
  • Each drop traces to a different stock catalyst: legal and resale overhang at Eos, a Jefferies downgrade at Roblox, a faded Greenland rally at Critical Metals and a lockup expiry at Xanadu.
  • Since launch, the four funds sit 99.13, 96.11 (one year), 93.08 and 93.42 percent lower, showing what daily compounding can do.
  • All four use daily resets, carry expense ratios of 1.05 to 1.50 percent, and hold small pools of assets, between about USD 4.5 million and USD 12 million.

T-REX 2X Long EOSE Daily Target ETF (CBOE:EOSU): the overhang casualty

The steepest weekly fall came from the Eos fund (CBOE:EOSU), which closed at USD 4.79 after losing 43.11 percent in five sessions. Its underlying company, Eos Energy Enterprises (NASDAQ:EOSE), makes zinc batteries for grid storage and reached a 52-week low of USD 3.01 on September 28. Pressure built from law firms announcing investigations, a registration for up to 56.5 million shares that holders may resell, and a September 25 drop of 21.92 percent with no confirmed trigger. The fund, issued by Tuttle Capital Management, began trading on January 14, 2026, and it went through a 1-for-25 reverse split in April. It has fallen 99.13 percent since inception and 78.16 percent in three months. Sister fund Corgi EOSE 2x Daily ETF (CBOE:EO) dropped 48.22 percent this week. The lesson is that a stock already under Supply pressure can push a leveraged wrapper toward near-total loss. Its price today also reflects a rebound of 6.21 percent on the day, hardly a dent against a 74.82 percent six-month decline. Assets were about USD 9.1 million at a 1.50 percent expense ratio, and holdings are swaps and cash rather than the stock itself.

T-REX 2X Long RBLX Daily Target ETF (CBOE:RBLU): the downgrade shock

The Roblox fund (CBOE:RBLU) fell 36.29 percent on the week and settled at USD 4.02, though it still shows a 11.98 percent one-month gain, a reminder of how violently it swings. Roblox (NYSE:RBLX) dropped 9.86 percent on September 28 to USD 41.86 after Jefferies moved to Underperform with a USD 38 target, arguing that bookings expectations were too high. The stock had already slipped 5.2 percent on September 25. Quarterly Revenue of USD 1.47 billion had missed expectations of USD 1.60 billion, and management gave no guidance past the third quarter. The fund, a Tuttle Capital product launched March 4, 2025 at 1.05 percent annual cost, is down 96.11 percent over one year. The stock is down about 69 percent over the same span, which illustrates how daily Leverage widens the gap over long periods. Jefferies also sees 2027 bookings growth of 5 percent, against a Street view near 12 percent, while the company points to a USD 3 billion buyback as support. The fund's issuer reminds investors that a daily 2x product can lose money over several days even if the stock finishes flat.

Tradr 2X Long CRML Daily ETF (CBOE:CRMX): the round trip

The Critical Metals fund (CBOE:CRMX) lost 35.09 percent in the week to USD 19.90 as Critical Metals Corp (NASDAQ:CRML) unwound a September 21 spike of 38.63 percent, which followed a U.S.-Denmark-Greenland security agreement. By September 28 the shares were at USD 7.65, about 18 percent under that Monday's close. The agreement covers military rights, not Mining permits, and the Tanbreez rare earth project in Greenland has not yet produced revenue. Tradr launched the fund January 12, 2026, charges 1.49 percent and completed a 1-for-3 reverse split on March 10. It is down 93.08 percent from its peak. Leverage Shares' rival (NASDAQ:CRMU) slid 35.61 percent. Traders who bought the spike saw both the stock's retreat and the leverage penalty in a matter of days. Bulls cite a Clear Street Buy rating with a USD 20 target and processing tests, while skeptics stress pre-revenue status, dilution from over 20 million resale shares and the unresolved permits.

Tradr 2X Long XNDU Daily ETF (CBOE:XNDX): the lockup supply shock

The Xanadu fund (CBOE:XNDX) is the youngest of the four, launched May 6, 2026, and its 32.92 percent weekly decline follows an 80.33 percent one-month slump. The ticker XNDU is Xanadu Quantum Technologies (NASDAQ:XNDU), a Canadian photonic Quantum Computing company. Its 180-day lockup ended September 22, adding about 255 million shares to a float that had been near 43 million, and the stock fell 21.57 percent that day to USD 5.78 before easing to USD 4.98 by September 25. It changed hands at USD 4.90 on September 29, versus a 52-week high of USD 42.44. Issued by Tradr with a 1.49 percent expense ratio, the fund had about USD 4.5 million in assets. Its own risk language notes that a single-day move above 50 percent against it could wipe out shareholders, which explains its thin Margin for error. Xanadu reported 2025 revenue of USD 4.62 million and a net loss of USD 70.67 million, though it has secured CAD 195 million in government funding for manufacturing.

Where Things Stand

It depends, and the four charts lean toward caution. Each of the four funds gave back roughly one-third or more of its value in a week, with T-REX 2X Long EOSE Daily Target ETF (CBOE:EOSU) leading at 43.11 percent, while the stocks behind them fell far less. Daily bounces of 6.21 percent at Eos and 7.15 percent at Xanadu did little to repair the damage. Tradr 2X Long XNDU Daily ETF (CBOE:XNDX) and Tradr 2X Long CRML Daily ETF (CBOE:CRMX) also stay far below launch levels. Company catalysts remain unresolved: Roblox carries a consensus Hold, Eos a Hold to Buy range depending on provider, and Xanadu three Strong Buy ratings. Institutional investors typically regard daily 2x funds as short-term trading instruments, not core holdings. This article does not recommend any security.