# Binance’s TQQQUSDT Perpetual Tracks ProShares’ Leveraged Nasdaq ETF

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/51082
Published: 2026-11-07T20:51:38.000Z
Updated: 2026-11-07T20:51:38.000Z
Section: Investing

> The USDT-settled contract trades around the clock. ProShares’ fund targets three times the Nasdaq-100’s daily performance.

Binance’s TQQQUSDT perpetual futures contract tracks ProShares UltraPro QQQ, an exchange-traded fund that seeks three times the Nasdaq-100’s daily performance before fees and expenses. Binance launched the contract June 29, 2026, at 9:40 a.m. ET (13:40 UTC). It settles in USDT, trades around the clock and has maximum leverage of 20x.

The perpetual contract is separate from shares of TQQQ. The fund’s objective applies to the Nasdaq-100’s daily performance, and its returns over periods longer than one day can differ from three times the index’s performance.

TQQQ’s market price was $52.25 and its net asset value was $52.30 on Nov. 6. Those figures describe the ETF, not Binance’s TQQQUSDT contract.