According to @StockMarketNerd, Iris Energy (IREN) has dropped more than 45% over the past couple of weeks but is still up nearly 300% year-to-date as of Nov 21, 2025, source: @StockMarketNerd on X, Nov 21, 2025. IREN is a Bitcoin (BTC) mining stock, making the sharp drawdown and large YTD gain notable for crypto traders tracking miner equities, source: Iris Energy Limited company website.

According to the source, the REX IncomeMax ETF aims to tap volatile crypto-related firms and convert price swings into weekly income distributions.