Leverage Whiplash: BTCL’s Massive One-Day Exodus Outruns Its Own Asset Base

Leverage Hangover: T-Rex Bitcoin ETF Sees One-Day Outflow Bigger Than Its Own AUM

The T-Rex 2X Long Bitcoin Daily Target ETF, BTCL, recorded a dramatic reversal in investor sentiment on December 18, 2025, with outflows of $54.61 million. The move dwarfs the fund’s latest reported assets under management of $36.69 million, meaning the single-day redemption equaled roughly 149% of BTCL’s AUM – an indication of intense churn and repositioning in this highly leveraged Bitcoin vehicle.

Such an outsized flow relative to AUM suggests that traders are treating BTCL as a short-term tactical tool rather than a buy-and-hold exposure, rapidly scaling back leveraged bets after a period of heightened volatility in the underlying crypto market. For a 2x daily target product, this level of turnover also underscores the risk that compounding and sharp intraday moves can quickly change the risk-reward profile, prompting swift exits.

The related asset, BTC-USD, is currently trading around $87,514. Although the three-month percentage change figure was not specified, Bitcoin’s elevated price level hints at a market that has already priced in substantial optimism this quarter. At the same time, the 1-day technical picture is flashing a Your response should be a json object with the following structure: {Summary: text, Title: text, Error: error message or null} signal, suggesting that near-term trading cues may be diverging from the broader bullish narrative and encouraging leveraged traders to lock in gains or cut risk.

For investors, the combination of a stretched price, leveraged ETF mechanics, and one-day flows exceeding total AUM highlights how quickly sentiment can pivot in crypto-linked products and why BTCL is best viewed as a short-duration trading instrument rather than a long-term allocation. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.