On January 13, 2026, Defiance ETFs launched the Defiance Daily Target 2X Long RKT ETF (RKTL), marking the firm’s entry into single‐stock leveraged products focused on Rocket Companies, Inc. The new vehicle aims to deliver twice the daily percentage change in RKT’s share price, offering active traders amplified bullish exposure under the familiar ETF wrapper. RKTL joins Defiance’s suite of 12 single‐stock leveraged funds, bringing the total assets under management in the structure to over $1.2 billion as of launch date.

RKTL employs swap agreements and options contracts to achieve its 2x daily leverage target. The fund resets its leverage daily and does not seek to track longer-term returns, making it unsuitable for buy‐and‐hold strategies. With an expense ratio of 0.95%, the fund appeals to knowledgeable investors who monitor positions intraday. Defiance estimates average daily volume in RKTL could reach $5 million within the first quarter, based on demand projections from proprietary trader surveys.

RKTL carries elevated risks relative to unleveraged ETFs. Compounding effects mean multi‐day returns can deviate materially from 2x the underlying stock’s performance, potentially eroding principal in volatile markets. Key risks include RKT share-price declines, counterparty exposure, imperfect daily tracking and liquidity gaps in derivatives. Defiance’s prospectus highlights scenarios where a 5% drop in RKT could translate to a 10% loss or more in RKTL on a single trading day.

Rocket Companies’ stock rallied over 10% last Friday following a policy proposal aimed at purchasing mortgage‐backed securities, which traders believe could support housing affordability. The share price cleared a resistance zone that had capped gains since September, now potentially serving as a new support level. Market participants will watch for a retest of that breakout threshold—around the same level that had previously triggered profit‐taking—to confirm whether the bullish momentum can sustain a fresh advance.