On January 13, 2026, Defiance ETFs introduced the Defiance Daily Target 2X Long RKT ETF (RKTL), marking the firm’s sixth single-stock leveraged product. RKTL is engineered to deliver twice the daily percentage movement of Rocket Companies, Inc., offering active traders a vehicle for amplified exposure to a high-volatility, mortgage-technology issuer. The fund commenced trading on the NYSE Arca under the symbol RKTL and immediately garnered over 3 million dollars in first-day assets, reflecting robust demand among tactical equity strategists.

The Fund’s stated aim is to achieve 200% of the daily return of Rocket Companies, Inc.’s common shares before fees and expenses. Utilizing a portfolio of equity swaps, options contracts and other derivatives, RKTL resets its leverage target at the close of each trading session. As a result, its performance over multi-day horizons will compound daily returns, potentially deviating materially from a static 2X multiple over extended periods. Portfolio turnover is expected to exceed 150% annually due to the daily rebalancing requirement.

RKTL is explicitly designed for sophisticated investors who understand the implications of daily leverage and are prepared to monitor positions on a frequent basis. Key risk considerations include magnified downside exposure—where a single trading day loss in the underlying equity could translate to a near-total drawdown of ETF principal—and divergence from expected leverage due to volatility drag and compounding effects. Counterparty and derivatives risks also apply, given the fund’s reliance on swap agreements and options to achieve its objective.

By offering a 2X long fund tied exclusively to Rocket Companies, Inc., Defiance ETFs provides market participants with a precise tool to express bullish views on digital mortgage origination trends. Rocket Companies, based in Detroit, has reported year-over-year origination volume growth exceeding 35% and recently expanded its product suite into personal finance tools. Traders anticipating continued growth in refinancing activity and housing demand can now leverage those views within an ETF wrapper, albeit with the understanding that RKTL is unsuitable for buy-and-hold strategies.