Defiance plans to launch a double short leveraged ETF fund, betting on volatility decay

ChainCatcher news, 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 the Strategy (formerly MicroStrategy) with 2x leverage on an intraday basis (long and short), in order to profit from the volatility decay effect brought by holding leveraged products for the long term.