Key Highlights

  • GraniteShares 2x Long CRWD rose 10.96% to $91.00 on Friday, October 23, implying CrowdStrike gained about 5.5%, calculated.
  • T-REX 2X Inverse CRWV rose 3.19% to $6.15 as CoreWeave carried $35.07 billion of debt.
  • Corgi META 2x fell 14.19% after Meta took a $9.89 billion legal charge and reported negative free cash flow.
  • MARA reported a second-quarter net loss of $611.3 million as bitcoin slipped below $80,000.
  • Stride reported first-quarter revenue of $639.4 million, up 3.0%, with enrollments down 2.5%.

Which Single-Stock 2x ETFs Swung Most on October 23, and What Moved Them?

Five funds on AI, cloud, crypto and education stocks moved on Friday, October 23, 2026, as screened. GraniteShares 2x Long CRWD Daily ETF (NASDAQ:CRWL) rose 10.96% to $91.00, implying CrowdStrike (NASDAQ:CRWD) gained about 5.5%, and T-REX 2X Inverse CRWV Daily Target ETF (CBOE:CORD) rose 3.19% to $6.15, implying CoreWeave (NASDAQ:CRWV) slipped about 1.6%. Corgi META 2x Daily ETF (CBOE:FBX) fell 14.19% to $31.89, implying Meta (NASDAQ:META) dropped about 7.1%, and Corgi MARA 2x Daily ETF (CBOE:MHX) fell 13.92% to $6.87, implying MARA Holdings (NASDAQ:MARA) dropped about 7%. Corgi LRN 2x Daily ETF (CBOE:LRNX) rose 9.27% to $20.96, implying Stride (NYSE:LRN) gained about 4.6%, all calculated before fees.

CRWL follows CrowdStrike, the security software company, and has no link to CoreWeave, which is tracked inversely by CORD. Several moves match the underlying's October 22 close, such as Meta's 6.98% decline and MARA's 6.93% decline, so they are described as screened.

CRWL: Why Did a 2x CrowdStrike Fund Jump 10.96%?

CrowdStrike traded near $250.29, up 5.19%, from a Thursday close of $237.94, at a market value of about $256.8 billion. On October 20 it expanded a collaboration with Nvidia (NASDAQ:NVDA) on AI-native security, and on October 22 a research firm raised its price target to $275 from $250, one of several increases this month. A critical flaw in the PHP programming language also prompted a global patching rush.

For the quarter ended July 31, revenue was $1,471 million, up about 25.8%. CRWL began trading in November 2024 and charges 1.50%. The next company report is expected near December 1.

CORD: Why Did an Inverse CoreWeave Fund Rise 3.19% While Debt Worries Grow?

CoreWeave traded near $54.87, down 1.32%, at a market value of roughly $30.26 billion. Three research firms lowered targets in two days on funding risks, as bond yields rose sharply on October 21 and the 10-year Treasury yield was about 4.95% on Thursday. These are data points on estimates, not recommendations.

CoreWeave rents graphics-chip computing capacity to AI developers. Second-quarter revenue reached $2,575 million against $1,212 million, and backlog was about $104 billion. The net loss was $626 million, net interest expense $640 million and total debt $35.07 billion. CORD charges 1.50% and held about $43.7 million, and the next report is estimated for November 9.

FBX: Why Did Meta's $9.89B Legal Charge Cut a 2x Fund by 14.19%?

Meta closed down 6.98% at $648.85 on October 22, the first session after its third-quarter report, as revenue rose 26% to $64.60 billion but operating margin halved to 20% from 40% on a $9.89 billion legal charge tied to an agreement with 52 state attorneys general. Capital spending of $34.91 billion pushed free cash flow to negative $2.12 billion. Amazon (NASDAQ:AMZN) fell 4.57%, Nvidia 4.40% and Microsoft (NASDAQ:MSFT) 2.23% that day.

Meta narrowed 2026 capital spending to $135 billion to $145 billion, and the board approved a non-voting Class C stock with a one-for-one dividend. FBX charges 0.20% and held under $1 million in assets.

MHX: Why Did MARA's Fund Drop as Bitcoin Slipped Below $80,000?

MARA closed down 6.93% at $7.25 on October 22, valuing it at about $2.80 billion, as bitcoin dipped under $80,000 for the first time in roughly a month. Riot Platforms (NASDAQ:RIOT) fell 8.06% the same day. Bitcoin was near $81,500 early Friday, about 35% below its record of $126,198.

Second-quarter revenue fell 27% to $174.9 million, with a net loss of $611.3 million including $343.0 million from the fair value of digital assets. MARA holds 35,577 bitcoin and arranged $600 million of bitcoin-backed credit at a weighted 7.56% for the pending Long Ridge acquisition. MHX charges 0.45% and held about $363,000.

LRNX: Why Did Stride's Fund Rise After Mixed Results and an Investor Deal?

Stride runs online public schools and career-learning programs. First-quarter revenue rose 3.0% to $639.4 million and operating income rose 22.2% to $84.3 million, but enrollments averaged 241.4 thousand, down 2.5%. The shares closed at $76.39 on October 21, down 3.24% after results, and no new company announcement explains the move.

On October 9 Stride reached a cooperation agreement with an investor that will evaluate its capital structure, adding two directors and a capital allocation committee. Full-year revenue is guided to $2.53 billion to $2.61 billion. LRNX charges 0.45% and held about $313,000.

Single-Stock 2x ETFs Compared: How Do Moves, Fees and Sizes Differ?

Implied stock moves were up 5.5% for CrowdStrike, down 1.6% for CoreWeave, down 7.1% for Meta, down 7% for MARA and up 4.6% for Stride (calculated). FBX's 14.19% fall was about 4.4 times the size of CORD's 3.19% rise, and FBX's 0.20% fee is 7.5 times lower than the 1.50% on CRWL and CORD (calculated).

CORD held about $43.7 million, roughly 120 times MHX's $363,000 (calculated). MHX needs about 16.2% to recover its 13.92% loss, against about 7.5% for MARA after its 6.93% drop (calculated).

What to Watch Next: Federal Reserve Meeting, Crypto Reports and CoreWeave on November 9

The Federal Reserve meets October 27 and 28. Microsoft reports on October 28, Robinhood (NASDAQ:HOOD) on October 27 and Coinbase Global (NASDAQ:COIN) on October 29, while MARA is estimated to report on November 3 and CoreWeave on November 9. Meta's Class C dividend dates and further legal payment detail are the next company items, and Stride's capital allocation review is the one to follow for LRNX. These funds reset daily, a 10% rise then 10% fall in CoreWeave would leave CORD about 4% lower (calculated), and this article is informational only.