Defiance Daily Target 2X Long IREN ETF is trading 5.9% higher today, amplifying a rebound in the underlying crypto miner IREN, even as the broader cryptocurrency market faces a significant downturn.

  • The ETF's move is driven by positive momentum in the underlying IREN stock, which is trading up approximately 2.8%. [10]
  • This gain comes despite a notable selloff in the crypto market, with Bitcoin falling below the $70,000 level amid widespread liquidations. [1, 5, 11]