🔴 TXXD is trading 2.6% down in after-hours trading following 21Shares' 1-for-10 reverse split announcement

TXXD is trading 2.6% down in after-hours trading at $4.45 following 21Shares' September 3, 2026 announcement of a 1-for-10 reverse split for the 21Shares 2x Long Dogecoin ETF.

• The split takes effect after the September 4 close; adjusted trading begins September 8. It is purely structural and not explicitly linked to the September 3 decline.
• Regular-session gain was 20.50% as broader markets rallied; the reversal may reflect investor repositioning ahead of the split.
• Leveraged Dogecoin exposure increases cryptocurrency-volatility sensitivity. Confidence is medium; no separate company-specific explanation was reported.