The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of AVAX. The fund does not seek to achieve its stated investment objective over a period of time greater than a single day. Under normal circumstances, the fund will invest at least 80% of the value of its net assets (plus borrowings for investment purposes) in AVAX-Linked Instruments. AVAX is a digital commodity that is created and transmitted through the operations of the peer-to-peer Avalanche Network, a dispersed network of computers that operates on cryptographic protocols based on open-source code. It is non-diversified.