TappAlpha and Tuttle Capital Launch the T² Lift™ Series with TSYX and TDAX — Light-Leverage Versions of TSPY and TDAQ Designed to Offer 30% More Exposure to Growth + Income

Rhea-AI Summary

TappAlpha and Tuttle Capital launched the T² Lift™ Series on January 7, 2026, introducing two new ETFs — TSYX and TDAX — that offer light‑leverage versions of the TSPY (S&P 500) and TDAQ (Nasdaq‑100) strategies.

The funds seek to provide 30% additional exposure to the same rules‑based daily options growth and income engine behind TSPY and TDAQ and feature weekly distributions. The series is positioned for long‑term investors targeting increased growth and income potential while keeping the same risk discipline and daily options overlay.

Positive

• 30% additional exposure to underlying TSPY/TDAQ strategies
• Weekly distributions to support regular income
• Same rules‑based daily options engine as TSPY and TDAQ

Negative

• Introduces leverage that amplifies returns and losses
• Light‑leverage may raise volatility versus unlevered TSPY/TDAQ

Key Figures

Additional exposure 30% more exposure Targeted boost versus TSPY and TDAQ strategies

TDAQ AUM $25 million Assets under management in under two months after Sept 4, 2025 launch

TDAQ total return 10.57% From 9.4.25 to 10.29.25

Nasdaq-100 benchmark return 10.16% Same 9.4.25 to 10.29.25 period

Expense ratio 0.68% Total expense ratio / management fee for TDAQ and TSPY

TSPY AUM $120 million Reported alongside TDAQ milestone in October 2025

TSPY AUM milestone $100 million Surpassed in early October 2025

Initial TSPY AUM $69 million Since August 2024 launch, cited at TDAQ introduction

Market Reality Check

$25.45 Last Close

Volume Volume 386,893 is 2.12x the 20-day average of 182,259 ahead of this launch news. high

Technical Price at 25.57 is trading above the 200-day MA of 24.38 before this announcement.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Oct 31	AUM milestone	Positive	+0.2%	TDAQ AUM surpassed $25M and slightly outperformed Nasdaq-100 benchmark.
Oct 02	AUM milestone	Positive	-0.0%	TSPY surpassed $100M in AUM and highlighted income-plus-growth strategy.
Sep 04	Product launch	Positive	+0.8%	Launch of TDAQ ETF offering Nasdaq-100 exposure with daily covered calls.

Pattern Detected

Past positive AUM and product launch news generally saw small, mixed price reactions, with more events aligning than diverging.

Recent Company History

This announcement builds on TappAlpha’s expansion of income-focused ETFs. In September 2025, the firm launched TDAQ, following TSPY’s growth to $69 million in AUM. By October 2025, TSPY surpassed $100 million and later reached $120 million, while TDAQ exceeded $25 million in under two months and slightly outperformed its Nasdaq-100 benchmark. The new T² Lift™ light-leverage series extends these existing TSPY and TDAQ strategies with increased exposure.

Market Pulse Summary

This announcement extends TappAlpha’s existing TSPY and TDAQ strategies by introducing light-leverage ETFs targeting about 30% more exposure while retaining a rules-based daily options approach and income focus. Historical context shows growing adoption, with TSPY reaching up to $120 million in AUM and TDAQ surpassing $25 million. Investors may watch how assets trend in these new funds, distribution consistency, and how performance compares to the underlying indices and existing products.

Key Terms

etf financial

"two innovators in ETF design, today jointly announced the launch"

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.

light-leverage financial

"a new line of ETFs seeking to offer light-leverage exposure to the daily"

Using a modest amount of borrowed money to boost potential returns while keeping overall risk relatively low; it means a company or investment uses debt sparingly rather than relying heavily on loans. For investors, light leverage signals a balance between seeking higher gains and maintaining financial flexibility—similar to using a small gear on a bike to get a bit more speed without risking a wipeout—so it can mean steadier performance and less vulnerability to rising interest rates or sales shocks.

options financial

"These new funds use the same rules-based daily options approach"

Options are contracts that give investors the right to buy or sell an asset at a specific price within a certain time frame. They function like a reservation or a ticket that allows for potential profit or protection against price changes, making them useful tools for managing investment risks or speculating on market movements.

rules-based technical

"These new funds use the same rules-based daily options approach"

A rules-based approach follows a fixed set of clear, prewritten instructions for making decisions—such as buying, selling, or rebalancing investments—rather than relying on human judgment or ad-hoc choices. For investors it matters because it creates consistency, reduces emotional bias, and makes outcomes easier to backtest and explain; think of it like a recipe that produces the same dish each time if you follow the steps.

covered call financial

"TDAQ combines QQQ holdings with a daily covered call strategy"

A covered call is an income strategy where an investor who already owns shares sells the right for someone else to buy those shares at a set price within a set time. Think of it like renting out a house: you collect steady rent (the option premium) but agree to sell if a buyer pays the agreed price, so you trade some upside potential for immediate income and a small cushion against modest drops in the stock.

zero days to expiration (0DTE) financial

"implement a zero days to expiration (0DTE) options strategy to generate"

Zero days to expiration (0dte) describes options contracts that expire on the same trading day they are held, meaning their remaining life is measured in hours or minutes. They matter to investors because their value can swing wildly as time runs out—like a ticking countdown that can make small price moves have outsized gains or losses—so traders use them for quick speculation, hedging intraday risk, or capturing rapid changes in market sentiment.

assets under management (AUM) financial

"surpassed $25 million in assets under management in under two months"

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 bank counting all the money it manages for people and organizations—more AUM generally means the company is trusted with larger amounts and can charge higher fees.

management fee financial

"The ETF offers monthly distributions and charges a 0.68% management fee"

A management fee is the regular charge that a fund or investment firm takes for running and overseeing investors’ money, typically expressed as a percentage of assets under management. It matters because this ongoing cost reduces the net returns you receive—like paying a caretaker a slice of a garden’s harvest—and higher fees can significantly erode long-term investment gains.

AI-generated analysis. Not financial advice.

SEATTLE, Jan. 07, 2026 (GLOBE NEWSWIRE) -- TappAlpha and Tuttle Capital Management, two innovators in ETF design, today jointly announced the launch of the T² Lift™ Series — a new line of ETFs seeking to offer light-leverage exposure to the daily income and growth strategies behind TSPY and TDAQ.

The T² Lift™ Series aims to give investors 30% more exposure to the same daily growth and income strategies used in TSPY (S&P 500) and TDAQ (Nasdaq-100) — two of the fastest-growing ETFs in the market. These new funds use the same rules-based daily options approach, now with a light-leverage boost designed to increase both income potential and market participation.

“Investors have been asking for a way to increase exposure to the TSPY and TDAQ strategy without reinventing the wheel,” said Si Katara, Founder and CEO at TappAlpha. “The T² Lift Series does exactly that — same philosophy, same risk discipline, with 30% more exposure to the growth engines investors already use. We’re thrilled to be partnering with Tuttle Capital Management to bring this next evolution to market.”

“This is a natural partnership,” said Matthew Tuttle, CEO of Tuttle Capital Management. “TappAlpha has built one of the most compelling modern income strategies in the ETF market. We’re excited to help expand that platform into levered solutions for investors who want more exposure.”

What the T² Lift™ Series Offers through TSYX and TDAX

• Light-Leverage versions of TSPY and TDAQ
• Featuring weekly distributions
• 30% additional exposure to the underlying equity + daily options overlay
• Same engine, same rules-based process, with targeted amplification
• Designed for long-term investors seeking greater growth + income potential
  
  

About TappAlpha
TappAlpha is a fintech-powered ETF issuer focused on making advanced investment strategies accessible to all investors. By blending innovation with simplicity, TappAlpha delivers solutions designed to unlock income potential and enhance portfolio resilience. Founded in 2023, TappAlpha is committed to making investing simple, actionable, and transparent, always putting investors first.

About Tuttle Capital Management
Tuttle Capital is known for innovative, tactical, and volatility-aware ETF solutions across multiple asset classes, with a history of bringing differentiated concepts to market.

For more information, visit: www.tappalphafunds.com

Disclosures

The principal risks affecting shareholders’ investments in the Fund including the risks of the investment strategies of the Index are set forth below. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any government agency. The Fund’s Shares will change in value, and you could lose money by investing in the Fund. The Fund may not achieve its investment objectives.

ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Investing involves risk. Principal loss is possible. The Fund’s shares will change in value, and you could lose money by investing in the Fund. The Fund may not achieve its investment objectives. The Fund invests in options contracts that are based on the value of the Index, including NDX options. This subjects the Fund to certain of the same risks as if it owned shares of companies that comprised the Index, even though it does not own shares of companies in the Index. The Fund will have exposure to declines in the Index. The Fund is subject to potential losses if the Index loses value, which may not be offset by income received by the Fund. By virtue of the Fund’s investments in options contracts that are based on the value of the Index, the Fund may also be subject to an indirect investment risk, an index trading risk & a Nasdaq 100 Index Risk.

To the extent that the Fund invests in other ETFs or investment companies, the value of an investment in the Fund is based on the performance of the underlying funds in which the Fund invests and the allocation of its assets among those ETFs or investment companies. The Fund may incur high portfolio turnover to manage the Fund’s investment exposure. The Fund is classified as “non-diversified” under the 1940 Act. As a result, the Fund is only limited as to the percentage of its assets which may be invested in the securities of any one issuer by the diversification requirements imposed by the Internal Revenue Code of 1986, as amended (the “Code”). A decline in the value of an investment in a single issuer could cause a Fund’s overall value to decline to a greater degree than if the Fund held a more diversified portfolio. For more information about the risks of investing in this Fund, please see the prospectus.

The SPDR® S&P 500® ETF Trust. The SPDR® S&P 500® ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index (the “Index”).

The S&P 500® Index. The S&P 500® Index is a widely recognized benchmark index that tracks the performance of 500 of the largest U.S.- based companies listed on the New York Stock Exchange or Nasdaq. These companies represent approximately 80% of the total U.S. equities market by capitalization, making it a large-cap index. The S&P 500® Index includes 500 selected companies, all of which are listed on national stock exchanges and spans a broad range of major sectors. The five largest sectors in the Index as of December 29, 2023 were information technology, financials, healthcare, consumer discretionary and industrials. This distribution can vary over time as the market value of these sectors change. Regarding volatility, the S&P 500® Index, like all market indices, has experienced periods of significant daily price movements. However, the specific degree of volatility can vary and is subject to change based on overall market conditions. Despite these periods of volatility, the Index has shown long-term growth over its history.

The Invesco QQQ Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the Nasdaq-100® Index (the “Index”).

The Nasdaq-100® Index is a widely recognized benchmark index that tracks the performance of 100 of the largest non-financial companies listed on the Nasdaq Stock Market. These companies represent a broad range of industries, with a notable concentration in technology-related sectors. The Index is market-capitalization weighted and includes companies across sectors such as information technology, consumer discretionary, communication services, healthcare, and industrials. As of December 31, 2023, the five largest sectors in the Index were information technology, consumer discretionary, communication services, healthcare, and industrials. The composition of the Index can change over time due to market capitalization shifts, periodic rebalancing, and company eligibility changes.

Regarding volatility, the Nasdaq-100® Index, like all market indices, has experienced periods of significant daily price movements. Its higher concentration in growth-oriented and technology-related companies can contribute to greater short-term volatility compared to more diversified indices. Despite these fluctuations, the Index has demonstrated strong long-term performance over its history.

Due to the short time until their expiration, 0DTE options are more sensitive to sudden price movements and market volatility than options with more time until expiration. Because of this, the timing of trades utilizing 0DTE options becomes more critical. Even a slight delay in the execution of 0DTE trades can significantly impact the outcome of the trade. 0DTE options may also suffer from low liquidity, making it more difficult for the Fund to enter into its positions each morning at desired prices. The bid-ask spreads on 0DTE options can be wider than with traditional options, increasing the Fund's transaction costs and negatively affecting its returns. These risks may negatively impact the performance of the fund.

As of the date of this prospectus, the Fund has no operating history and currently has fewer assets than larger funds. Like other new funds, large inflows and outflows may impact the Fund’s market exposure for limited periods of time. This impact may be positive or negative, depending on the direction of market movement during the period affected. The Fund may incur high portfolio turnover to manage the Fund’s investment exposure. Additionally, active market trading of the Fund’s Shares may cause more frequent creation or redemption activities that could, in certain circumstances, increase the number of portfolio transactions. High levels of portfolio transactions increase brokerage and other transaction costs and may result in increased taxable capital gains. Each of these factors could have a negative impact on the performance of the Fund.

You could lose money by investing in the Fund and the Fund may not achieve its investment objectives.

Past performance does not guarantee future results.

Investors should carefully consider the investment objectives, risks, charges and expenses of the ETFs identified on this site. This and other important information about the Fund are contained in the prospectus, which can be obtained on this site or by calling (844) 403-2888. The prospectus should be read carefully before investing.

Distributor: Foreside Fund Services, LLC

For Media Inquires:
Contact TappAlpha
info@tappalpha.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/29bd2a83-8515-46f0-b07e-61b305e4517f

FAQ

What are TSYX and TDAX and how do they relate to TSPY (symbol TSPY)?

TSYX and TDAX are light‑leverage ETFs launched to offer 30% more exposure to the daily options growth and income strategies used in TSPY and TDAQ.

When were TSYX and TDAX launched by TappAlpha and Tuttle Capital?

The T² Lift Series including TSYX and TDAX was announced on January 7, 2026.

How much additional exposure do TSYX and TDAX provide compared with TSPY?

Each T² Lift fund seeks to provide approximately 30% additional exposure to the same underlying daily strategies.

Do TSYX and TDAX pay income and how often?

Yes; both funds feature weekly distributions designed to deliver regular income.

What strategy do TSYX and TDAX use to generate income and growth?

They use the same rules‑based daily options overlay employed by TSPY and TDAQ, with a light‑leverage boost.

Who manages the T² Lift Series funds TSYX and TDAX?

The funds are a joint launch by TappAlpha and Tuttle Capital Management.