Tradr's SNXX Surges to $650 Million in Under a Month, Setting Industry Growth Record

Rhea-AI Summary

Tradr (Nasdaq:SNDK) announced the Tradr 2X Long SNDK Daily ETF (Cboe: SNXX) reached $650 million AUM in 24 days after its Jan 27, 2026 launch, averaging >$27 million net new AUM per day as of Feb 20, 2026.

SNXX is now the fifth-largest single-stock ETF in the U.S., behind TSLL, NVDL, GGLL and MUU. Tradr also reported LITX at ~$200 million and WDCX at ~$40 million AUM; the firm's 69 leveraged ETFs total $2.7 billion AUM.

Positive

• SNXX reached $650 million AUM in 24 days
• Average net inflows >$27 million per day since inception
• SNXX is fifth-largest single-stock ETF in U.S. market
• Tradr lineup totals $2.7 billion AUM across 69 leveraged ETFs
• LITX gathered approximately $200 million in its first month

Negative

• Leveraged single-stock ETFs carry significant investor risk

Key Figures

SNXX AUM: $650 million Days since launch: 24 days Average daily AUM inflow: over $27 million +5 more

8 metrics

SNXX AUM $650 million Assets under management in 24 days since Jan 27, 2026 launch

Days since launch 24 days Time taken for SNXX to reach $650 million AUM as of Feb 20, 2026

Average daily AUM inflow over $27 million Average net new AUM per day for SNXX since inception

LITX AUM approximately $200 million AUM within first month for Tradr 2X Long LITE Daily ETF

WDCX AUM approximately $40 million AUM within first month for Tradr 2X Long WDC Daily ETF

Leveraged ETFs count 69 ETFs Size of Tradr’s leveraged ETF lineup

Tradr leveraged AUM $2.7 billion Total assets under management across Tradr’s 69 leveraged ETFs

SNXX target exposure 200% of daily performance Daily exposure target to Sandisk Corp common stock

Market Reality Check

Price: $666.49 Vol: Volume 18,403,201 vs 20-d...

normal vol

$666.49 Last Close

Volume Volume 18,403,201 vs 20-day average 22,198,556 (relative volume 0.83x) before this news. normal

Technical Price $666.49 is trading above 200-day MA $178.96 and 8.07% below 52-week high $725.00.

Peers on Argus

SNDK was up 2.54% while several high-affinity peers in Computer Hardware showed ...

3 Up

SNDK was up 2.54% while several high-affinity peers in Computer Hardware showed declines (e.g., PSTG -5.6%, SMCI -3.31%). Momentum scanner flagged HPQ, PSTG and IONQ with modest gains, but mixed peer action and a company-specific ETF headline suggest a stock-specific backdrop rather than a broad sector rotation.

Historical Context

5 past events · Latest: Feb 19 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 19	Investor conferences	Neutral	+3.5%	Management scheduled presentations at three upcoming investor conferences with webcasts.
Feb 18	Secondary offering pricing	Neutral	+1.7%	Pricing of 5,821,135-share secondary offering at <b>$545</b> per share by WDC holders.
Feb 17	Secondary offering launch	Negative	-5.7%	Announcement of roughly <b>$3.09B</b> secondary public offering by former parent WDC.
Jan 29	JV extension	Positive	+2.2%	Kioxia and Sandisk extended Yokkaichi and Kitakami JVs through <b>2034</b> with new payments.
Jan 29	Earnings results	Positive	+2.2%	Q2 FY26 revenue and EPS beat prior periods with strong AI-driven datacenter demand.

Pattern Detected

Recent news — including earnings, JV extension and secondary offerings — generally saw price moves that aligned with the qualitative tone of each announcement.

Recent Company History

Over the last month, Sandisk issued several material updates. Q2 FY26 results on Jan 29 showed strong revenue and EPS growth, followed by a JV extension with Kioxia through 2034. In mid‑February, Western Digital-related secondary offerings under Sandisk’s shelf registration created an overhang but largely traded in line with expectations. An investor conferences notice on Feb 19 also drew a positive reaction. Today’s ETF growth news reflects external demand for leveraged exposure to SNDK’s shares.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2026-02-17

Sandisk has an effective S-3ASR shelf dated Feb 17, 2026 registering the resale of 7,513,019 shares held by Western Digital. Sandisk will not receive proceeds from these sales. The shelf has already been used in at least 2 424B7 resale prospectuses, enabling WDC or its transferees to dispose of shares over time, which can contribute to ongoing stock overhang.

Market Pulse Summary

This announcement highlights rapid adoption of the SNXX leveraged ETF, which reached $650 million AU...

Analysis

This announcement highlights rapid adoption of the SNXX leveraged ETF, which reached $650 million AUM in 24 days and contributes to Tradr’s broader $2.7 billion leveraged ETF platform. For Sandisk, the news underscores external demand for amplified exposure to its stock alongside an already strong price trend. Investors may monitor how ongoing resale activity under the S-3ASR shelf interacts with heightened trading interest in SNDK-linked products.

Key Terms

etf, single-stock etf, assets under management, aum, +2 more

6 terms

etf financial

"Tradr 2X Long SNDK Daily ETF Becomes Fastest Growing ETF of the Past 12 Months"

An ETF, or exchange-traded fund, is like a basket of different investments such as stocks or bonds that you can buy or sell easily on the stock market, just like a regular share. It allows people to invest in many companies at once, making it a simple way to grow savings without picking individual stocks.

single-stock etf financial

"The fund is now the fifth-largest single-stock ETF in the U.S. market"

A single-stock ETF is an investment product that lets you buy a fund that holds shares of just one company, traded on the stock market like a regular stock. Think of it as a packaged share that behaves like the company’s stock but may include small operational features a fund provides; it matters because it offers easy, intraday access to concentrated exposure in one firm while preserving trading convenience and regulatory structure, but it carries the same company-specific risk as owning the stock directly.

assets under management financial

"SNXX amassed $650 million in assets under management in just 24 days"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

aum financial

"averaging over $27 million in net new AUM per day since inception"

Assets under management (AUM) is the total market value of investments that a financial firm or fund manages on behalf of clients. Investors watch AUM like the size of a shop: larger AUM can mean more fee revenue, greater market influence and perceived stability, while rapid changes in AUM signal growing popularity or redemptions that may affect future earnings and investment strategy.

options strategies financial

"without the need for margin accounts or options strategies"

Options strategies are planned combinations of options contracts—agreements that give the holder the right to buy or sell a stock at a set price—used to achieve specific goals such as boosting returns, limiting losses, or profiting from expected price swings or quiet markets. They matter to investors because they let you tailor risk and reward like mixing insurance and a bet: you can use small upfront cost to target outcomes, but complexity and leverage can increase potential losses.

leveraged etfs financial

"Tradr's lineup of 69 leveraged ETFs represents $2.7 billion in assets"

Leveraged ETFs are exchange-traded funds designed to amplify the daily performance of an underlying index or asset, often by two or three times, using financial techniques to boost gains and losses. They matter to investors because they can act like a financial magnifying glass—quickly increasing profits in short-term moves but also rapidly increasing losses, so they are typically used for short-term trading or tactical bets rather than long-term investing.

AI-generated analysis. Not financial advice.

Tradr 2X Long SNDK Daily ETF Becomes Fastest Growing ETF of the Past 12 Months

NEW YORK, Feb. 24, 2026 /PRNewswire/ -- Tradr ETFs, a provider of ETFs designed for sophisticated investors and professional traders, today announced that the Tradr 2X Long SNDK Daily ETF (Cboe: SNXX) has become the fastest growing ETF launched in the past 12 months, as measured by average assets gathered per day since inception.

Launched on January 27, 2026, SNXX amassed $650 million in assets under management in just 24 days, averaging over $27 million in net new AUM per day since inception as of February 20, 2026. The fund is now the fifth-largest single-stock ETF in the U.S. market, behind only TSLL, NVDL, GGLL and MUU, according to data from Bloomberg.

SNXX seeks to deliver 200% of the daily performance of Sandisk Corp. (Nasdaq: SNDK), offering traders a capital-efficient vehicle to express high conviction views without the need for margin accounts or options strategies.

The strong adoption of SNXX follows continued demand for Tradr's recently launched single-stock ETFs. The Tradr 2X Long LITE Daily ETF (Cboe: LITX) has gathered approximately $200 million in AUM within its first month, while the Tradr 2X Long WDC Daily ETF (Cboe: WDCX) has accumulated approximately $40 million over the same period (all data as of February 20, 2026).

"The speed of adoption we're seeing in our recent launches demonstrates real unmet market demand," said Russell Tencer, President of Tradr ETFs. "Traders and active investors are voting with their capital for the precision trading products Tradr is delivering."

Tradr ETFs is the pioneer of single-stock ETF exposures in the U.S. and is currently the fastest growing provider in the category. With a focus on precision tools for active market participants, Tradr empowers traders to access amplified exposure to individual stocks in a transparent, exchange-traded structure.

Tradr's lineup of 69 leveraged ETFs represents $2.7 billion in assets under management. For detailed information on Tradr ETFs and the significant risks involved with leveraged ETFs, please visit www.tradretfs.com.

About Tradr ETFs
Tradr ETFs are designed for sophisticated investors and professional traders who are looking to express high conviction investment views. The strategies include leveraged and inverse ETFs that seek short or long exposure to actively traded stocks and ETFs.

IMPORTANT RISK INFORMATION

Tradr ETFs are for sophisticated investors and professional traders with high conviction views and are very different from most other ETFs. The Funds are intended to be used as short-term trading vehicles and pursue leveraged investment objectives, which means they are riskier than alternatives that do not use leverage because the Funds magnify the performance of their underlying security. The volatility of the underlying security may affect a Fund's return as much as, or more than, the return of the underlying security.

Investors in the fund should: (a) understand the risks associated with the use of leverage; (b) understand the consequences of seeking inverse and leveraged investment results; (c) for short ETFs, understand the risk of shorting; (d) intend to actively monitor and manage their investment. Fund performance will likely be significantly different than the benchmark over periods longer than the specified reset period and the performance may trend in the opposite direction than its benchmark over periods other than that period.

Leverage increases the risk of a total loss of an investor's investment, may increase the volatility of the Funds, and may magnify any differences between the performance of the Funds and their reference security. The Funds seek leveraged investment results for a specific period (daily, monthly or quarterly). The exact exposure of an investment in the Fund intra-period will depend upon the movement of the reference security from the end of the prior period until the time of investment by the investor.

The Fund will not attempt to position its portfolio to ensure it does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, investors in a Fund that seeks two times daily performance would lose all of their money if the Fund's underlying security moves more than 50% in a direction adverse to the Fund on a given trading day.

ETFs involve risk including possible loss of the full principal value. There is no assurance that the Fund will achieve its investment objective. Principal risks and other important risks may be found in the prospectus. Past performance does not guarantee future results.

ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds. This and other important information about the Fund is contained in the Prospectus, which can be obtained by visiting www.tradretfs.com. The Prospectus should be read carefully before investing.

Distributed by ALPS Distributors, Inc, which is not affiliated with AXS Investments or its Tradr ETFs. AXI000873

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SOURCE Tradr ETFs

FAQ

How quickly did SNXX (Cboe: SNXX) reach $650 million AUM after launch on Jan 27, 2026?

SNXX reached $650 million AUM in just 24 days after its Jan 27, 2026 launch. According to the company, that equates to an average of over $27 million in net new AUM per day through February 20, 2026.

What exposure does the Tradr 2X Long SNDK Daily ETF (SNXX) provide to traders?

SNXX seeks to deliver 200% of Sandisk Corp. (Nasdaq:SNDK) daily performance, offering amplified single-stock exposure. According to the company, it provides capital-efficient leverage without requiring margin accounts or options strategies.

Where does SNXX rank among single-stock ETFs in the U.S. as of Feb 20, 2026?

SNXX is the fifth-largest single-stock ETF in the U.S. market as of Feb 20, 2026. According to the company, only TSLL, NVDL, GGLL and MUU are larger by AUM.

How did Tradr's other recent single-stock ETFs perform in their first month?

Tradr reported the 2X Long LITE ETF (LITX) gathered roughly $200 million, and the 2X Long WDC ETF (WDCX) gathered about $40 million in their first month. According to the company, these figures are as of February 20, 2026.

What is Tradr's total leveraged ETF footprint and what investor warning is given for SNXX?

Tradr manages 69 leveraged ETFs totaling $2.7 billion in assets under management. According to the company, investors should review the significant risks involved with leveraged ETFs before investing.