Defiance Launches SOFX, The First 2X Leveraged Single-Stock ETF on SoFi Technologies, Inc.

Core Viewpoint - Defiance ETFs has launched SOFX, the first 2X long ETF for SoFi Technologies, Inc., aiming to provide 200% long daily targeted exposure to the company, allowing investors to gain leveraged exposure without needing a margin account [1][2]. Company Overview - SoFi Technologies, Inc. is positioned within a dynamic financial technology ecosystem, demonstrating consistent innovation and adaptability in personal finance, investing, and lending [2]. - The launch of SOFX builds on the success of MSTX, indicating a strategic move to amplify investor exposure to SoFi's growth trajectory [2]. Investment Strategy - SOFX is designed for knowledgeable investors who actively monitor their portfolios, as it pursues a daily leveraged investment objective, making it riskier than non-leveraged alternatives [3][6]. - The fund aims to provide daily investment results that correspond to two times (200%) the share price performance of its underlying security, but may not achieve this consistently due to market conditions [6][17]. Fund Management - Defiance ETFs, founded in 2018, specializes in thematic, income, and leveraged ETFs, with a focus on empowering investors to take amplified positions in high-growth companies [5]. - The investment adviser for the fund is Tidal Investments, LLC, which manages the fund's portfolio [8]. Market Position - SOFX represents a bold vision for the future of finance, with the potential for outsized gains, reflecting the growing interest in innovative financial products [2].