ProShares UltraPro QQQ

Few leveraged funds trade as heavily, or are as misunderstood, as TQQQ. It aims to deliver three times the daily move of the Nasdaq-100, so when the tech-heavy index rises 1% in a day, TQQQ is designed to gain about 3%, and when it falls 1%, to lose about 3%. The crucial word is daily: the fund resets its leverage every session using derivatives, which means that over longer stretches its returns drift away from a simple 3x of the index, dragged down by the math of compounding in choppy markets. In a sustained rally it can produce spectacular gains, and in a downturn spectacular losses. Issued by ProShares and launched in 2010, it is built as a short-term trading and tactical tool, not a buy-and-hold investment, a distinction its issuer stresses and that many holders learn the hard way. It is a high-octane, high-risk way to amplify a bet on big-cap technology.

On MyRWA, TQQQ trades tokenized across 27 on-chain venues - see the listings below.