Defiance launches XOVL, first 2X leveraged ETF with SpaceX exposure for active traders

Defiance ETFs introduced the Defiance Daily Target 2X Long XOVR ETF (XOVL), offering 2x daily leveraged exposure to the ERShares Private-Public Crossover ETF (XOVR), which includes SpaceX and other entrepreneurial U.S. growth companies. This ETF targets active investors seeking amplified short-term gains through a blend of public and select late-stage private companies. The fund carries high risk due to leverage and is designed for daily trading, not long-term holding, with potential for significant losses. Investors should understand the complexities and risks, including volatility, liquidity, and the unique challenges of private company investments.