🔴 Defiance Daily Target 2X Long IREN ETF is trading 4.4% down today on Iris Energy weakness and hawkish Fed shift

Defiance Daily Target 2X Long IREN ETF is trading 4.4% down in after-hours trading, extending a steep two-day slide driven by continued selling in its underlying holding, Iris Energy (IREN).

• A stronger-than-expected U.S. jobs report has shifted market expectations toward a more hawkish Federal Reserve, triggering a broad risk-off move across the sector.
• The downward momentum is hitting speculative technology and digital-asset plays particularly hard, as broad pressure mounts on crypto-linked assets.