Defiance plans to launch a dual short leveraged ETF fund, betting on volatility attenuation

On April 7th, according to The Block, Defiance ETFs has submitted a new fund application to launch the "Defiance MSTR Double Short Hedged ETF", which will short two ETFs tracking Strategy (formerly MicroStrategy) with 2x leverage on an intraday basis (long and short) to profit from the volatility decay effect of holding leveraged products long term.