Defiance Daily Target 2X Long MP ETF

Defiance Daily Target 2X Long MP ETF is a leveraged exchange-traded fund focused on providing twice the daily return of MP Materials Corp., a leading company in the rare earth mining and processing industry. This ETF’s primary function is to offer short-term, amplified exposure to the price movements of MP Materials, making it a specialized tool for active and sophisticated traders seeking tactical opportunities based on the underlying stock's daily performance. By utilizing derivatives and a non-diversified structure, the fund aims to achieve 200% of MP Materials’ daily gains or losses, before fees and expenses, but this leverage is reset daily and can lead to significant divergence from the expected return over extended periods due to compounding effects. The asset is notable as the first ETF to deliver 2X daily exposure specifically to MP Materials, whose market relevance stems from supplying rare earth elements vital for global clean-energy technologies such as electric vehicles and wind turbines. Overall, Defiance Daily Target 2X Long MP ETF serves as a niche instrument to facilitate bold, short-term positions on rare earth sector developments within the broader financial market.