RSSX in a taxable?

Just wondering if anyone had some data or insight about holding RSSX in taxable brokerages.

Prospectus states they rebalance at 5% drift, but nothing beyond that.

Possible Outcomes from AI say the following

Best Case Scenario:

The fund's derivatives strategies are managed efficiently with minimal realized gains

You receive mostly qualified dividend distributions (if any)

Annual tax impact might be similar to a regular equity ETF: 1-3% of your position value

Moderate Case Scenario:

Some derivatives generate taxable events during the year

You might receive both ordinary income and capital gains distributions

Annual tax impact: 2-5% of your position value

Could receive a standard 1099 form

Worst Case Scenario:

Heavy derivatives trading creates significant taxable distributions

K-1 ETFs are subject to the 60/40 rule, meaning they're taxed at 60% long-term gains and 40% short-term gains regardless of the holding period U.S. Stocks & Gold/Bitcoin - Return Stacked® ETFs

If RSSX issues K-1s, you'd get more favorable tax treatment but more complex filing

Annual tax impact: 5%+ of your position value