On January 21, 2026, Defiance ETFs introduced the Defiance Daily Target 2X Long NOK ETF (LNOK), marking the first-ever daily 2X leveraged ETF dedicated to Nokia Oyj. Designed for tactical, short-term bullish strategies, LNOK seeks to deliver 200% of Nokia’s daily share-price moves through swap agreements and options contracts. The Fund’s launch raises the total number of single-stock leveraged products in Defiance’s lineup to eight, catering to active traders prioritizing transparency and intraday liquidity. Investors should note that the Fund aims for its investment objective on a daily basis only, and prolonged holding periods may lead to performance divergence from twice Nokia’s cumulative returns due to compounding effects. The offering underscores growing demand for targeted leverage vehicles on leading telecommunications names, with LNOK positioned to capture amplified upside if Nokia’s network-equipment and services segments gain traction in 5G infrastructure rollouts.

Nokia secured a multi-year agreement with Proximus to modernize its online charging system and voice core infrastructure, migrating over 1,000 products and the carrier’s entire fixed and mobile customer base onto Nokia Converged Charging and cloud-native Voice Core solutions. Hosted on Proximus’ Red Hat OpenShift private cloud, the deployment aims to automate policy management, scale dynamically with network demand and facilitate new 5G monetization services such as IoT billing and edge-compute content delivery. Financial terms were undisclosed, but the contract follows Nokia’s strategic push into software-defined network solutions, a segment that accounted for 18% of its EUR 24.7 billion revenues in fiscal 2025. By integrating Subscriber Data Management and Policy Controller modules, Nokia expects to deepen enterprise relationships across Benelux markets and bolster recurring software and services margins in its Networks division.