TQQQ tokenized ETF (xStock)

TQQQX is a cryptocurrency token on the Ethereum platform that represents a tokenized version of the TQQQ ETF, known as xStock. It is issued by Backed and tracks the performance of the underlying leveraged ETF, which aims to provide 3x daily exposure to the Nasdaq-100 index. The token allows holders to gain exposure to this ETF through a blockchain-based asset.

TQQQX is an ERC-20 token on Ethereum that mirrors the value of the TQQQ ETF. The token is part of Backed's xStock product line, which tokenizes traditional exchange-traded funds. Trading occurs on cryptocurrency exchanges, and the token's price reflects the underlying ETF's market performance.

TQQQX is used to gain exposure to the TQQQ ETF within the cryptocurrency ecosystem. It allows holders to hold a tokenized version of a leveraged ETF without leaving the blockchain environment. The token can be traded on active markets, and its value is tied to the performance of the underlying TQQQ shares. It serves as a bridge between traditional finance and decentralized platforms.

Unlike many cryptocurrencies that represent native blockchain assets, TQQQX is a tokenized ETF, meaning it tracks a specific leveraged exchange-traded fund rather than a protocol or network. It is issued by Backed as part of its xStock series, which focuses on bringing traditional securities on-chain. This makes TQQQX distinct from utility or governance tokens, as its value is directly linked to the TQQQ ETF.

TQQQ tokenized ETF (xStock) is currently priced at $74.35, down 0.98% in the last 24 hours. It is ranked #1333 by market capitalization. Over the past 7 days, TQQQX is up 16.86%.

TQQQ tokenized ETF (xStock) has a market capitalization of $3.26M. The 24-hour trading volume is $2,328.49, reflecting the total value of TQQQX traded across all exchanges in the last day.

There are currently 43,778.486 TQQQX in circulation. The total supply is 2.09M TQQQX.