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Tradr's SNXX Surges to $650 Million in Under a Month, Setting Industry Growth Record
Prnewswire· 2026-02-24 21:07
Core Insights - Tradr's 2X Long SNDK Daily ETF (SNXX) has achieved $650 million in assets under management (AUM) within 24 days of its launch, making it the fastest growing ETF in the past 12 months [1] - The fund averages over $27 million in net new AUM per day since its inception on January 27, 2026 [1] - SNXX is now the fifth-largest single-stock ETF in the U.S., following TSLL, NVDL, GGLL, and MUU [1] Company Overview - Tradr ETFs specializes in ETFs designed for sophisticated investors and professional traders, focusing on precision trading products [1] - The company has launched multiple single-stock ETFs, including the Tradr 2X Long LITE Daily ETF (LITX) and the Tradr 2X Long WDC Daily ETF (WDCX), which have gathered approximately $200 million and $40 million in AUM respectively within their first month [1] - Tradr ETFs currently manages a total of $2.7 billion across its lineup of 69 leveraged ETFs [1] Market Demand - The rapid adoption of SNXX indicates a significant unmet market demand for precision trading products among traders and active investors [1] - Russell Tencer, President of Tradr ETFs, emphasized that the strong capital inflow reflects traders' preferences for the company's offerings [1]