This ETF Just Beat S&P 500 By 300% And Powered Through War Jitters - T-REX 2X Long CRCL Daily Target ETF (BATS:CCUP)
Published on March 17, 2026.
The T-REX 2X Long CRCL Daily Target ETF (BATS:CCUP) has surged by 300% due to underlying company fundamentals, including the rise of interest income earned on its reserve assets from interest rates due to geopolitical tensions. The company, which issues a stablecoin called USDC (CRYPTO: USDC), reported a 77% year-over-year increase in revenue to $770 million, significantly beating analyst expectations. The rise in interest income has led to a significant increase in USDC circulation, reaching $75 billion to $81 billion, an increase of 70%+. The high-beta proxy of the ETF, which also includes Circle and related ecosystem names, has been praised for its high-profile role in helping to monetize stability itself.
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