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Defiance plans to launch a dual shorting leveraged ETF fund, betting on Fluctuation decay.
PANews, April 7th news, according to The Block report, Defiance ETFs submitted a new fund application to launch the "Defiance MSTR Double Short Hedged ETF", which will short two intraday 2x leveraged ETFs tracking Strategy (originally MicroStrategy) (long positions and short positions), in order to take advantage of the fluctuation decay effect brought by long-term holding of leveraged products to generate returns.