Defiance Daily Target 2X Long IREN ETF is trading at $28.71 (+11.58%) as the underlying stock rebounds from a three-day selloff that hit leveraged exposure harder than the equity itself.
- The move tracks a broader risk-on recovery in growth and crypto-linked assets as equities and Bitcoin firm up.
- Investors are buying the dip after rate-hike fears from the May jobs report pressured high-beta names last week.