Defiance Daily Target 2X Long IREN ETF is trading 6.9% up today as it continues to track a sharp rebound in its underlying holding, IREN Limited, a Bitcoin-focused crypto miner.
- The ETF is amplifying the recovery of IREN due to its 2x leveraged design, following a period of significant crypto-market volatility and liquidations.
- The upward move comes even as broader equity index futures signal a mixed and slightly softer open for the general market.