PUR
Leveraged Long
Defiance Daily Target 2X Long PURR ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
PUR: The First 2X Long PURR ETF
Overview
The Defiance Daily Target 2X Long PURR ETF (PUR) offers 2X (200%) daily exposure to Hyperliquid Strategies Inc (Nasdaq: PURR), a digital asset treasury and investment company focused on the Hyperliquid Layer-1 blockchain ecosystem and its native token, HYPE. PURR is listed on The Nasdaq Stock Market LLC, and the Fund seeks exposure to the daily share price performance of PURR, not direct exposure to HYPE tokens or the Hyperliquid blockchain itself.
PUR seeks to deliver 200% of the daily performance of PURR, offering active traders a tactical, single-ticker way to express short-term bullish views on Hyperliquid Strategies Inc and its exposure to the Hyperliquid ecosystem, without the need to open a margin account. It is the first product of its kind, pairing 2X daily exposure to PURR with the transparency and accessibility of an ETF wrapper.
Investment Objective
The Fund seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Hyperliquid Strategies Inc (Nasdaq: PURR). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.
An investment in the Fund is not a direct investment in Hyperliquid Strategies Inc (Nasdaq: PURR).
The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues daily leveraged investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund magnifies the performance of PURR, the “Underlying Security,” and is designed strictly for short-term use. For periods longer than a single day, the Fund’s performance will be the result of compounded daily returns, which is very likely to differ from 200% of the return of the Underlying Security over the same period. It is possible that investors could lose their entire principal within a single trading day.
PURMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | Since Inception | |
|---|---|---|---|---|---|---|---|
| Total Return (NAV) (%) | — | — | — | — | — | — | — |
| Market Price (%) | — | — | — | — | — | — | — |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (NAV) (%) | — | — |
| Market Price (%) | — | — |
Fund Details
Top Holdings
| Name | Symbol | Stock Price | % Net Assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 104.85% | 278,875 | $278,875 |
| Hyperliquid Strategies Inc.-swap-jnst-l | 44916Y106-TRS-07/07/33-L-PUR | $6.78 | 45.88% | 18,000 | $122,040 |
| Hyperliquid Strategies Inc.-swap-clst-l | 44916Y106-TRS-08/15/28-L-PUR | $6.78 | 43.70% | 17,142 | $116,223 |
| Hyperliquid Strategies Inc.-swap-nbcb-l | 44916Y106-TRS-01/31/33-L-PUR | $6.78 | 39.51% | 15,500 | $105,090 |
| Hyperliquid Strategies Inc.-swap-cant-l | 44916Y106-TRS-12/01/27-L-PUR | $6.78 | 37.74% | 14,807 | $100,391 |
| Hyperliquid Strategies Inc.-swap-mrex-l | 44916Y106-TRS-07/08/33-L-PUR | $6.78 | 33.14% | 13,000 | $88,140 |
| Cash & Other | Cash&Other | $1.00 | -205.38% | -546,289 | $-546,289 |
Fund Documents
Distributions
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 12/29/2025 | 12/30/2025 | 12/30/2025 | 12/31/2025 | — |