Defiance plans to launch a double-short leveraged ETF, betting on declining volatility

On April 7th, according to The Block, Defiance ETFs submitted a new fund application, planning to launch the "Defiance MSTR Double Short Hedged ETF", and shorted two intra-day 2x leverage ETFs (long and short) tracking Strategy (formerly MicroStrategy), in order to take advantage of the volatility attenuation effect caused by long-term holding of leveraged products to obtain income.