The listing date is typically a number of days following the fund inception day. As a result, NAV is used to determine market returns previous to the listing date. Market price returns are based mostly upon the midpoint of your bid/question spread at 4:00 p.m. ET (when NAV is https://financefeeds.com/why-is-pepe-coin-lagging-in-2025-and-whats-next-for-the-token-in-february/