Tuttle Capital to Liquidate Four T-REX 2X Leveraged Single-Stock ETFs (TEUP, SBTU, ASUP, AFRU)

Tuttle Capital Management has announced plans to liquidate four leveraged single-stock ETFs: the T-REX 2X Long TE Daily Target ETF (TEUP), T-REX 2X Long SBET Daily Target ETF (SBTU), T-REX 2X Long ASTS Daily Target ETF (ASUP), and T-REX 2X Long AFRM Daily Target ETF (AFRU). The closures follow limited prospects for meaningful asset growth, ongoing operational costs, and the adviser's decision to stop subsidizing fund expenses. All four ETFs will cease trading and delist from Cboe BZX after November 3, 2026, with liquidation expected around November 12. During the liquidation period, the funds may increase cash holdings and deviate from their investment objectives. Remaining shareholders will receive cash distributions based on their holdings after fund liabilities and expenses are settled.