Defiance Daily Target 2X Long IREN ETF is trading 10.4% up today as cryptocurrencies rebound and risk appetite improves following recent heavy selling in high-beta crypto miners.
- The leveraged ETF is magnifying gains in IREN Limited, which is benefiting from renewed investor optimism regarding its strategic pivot into AI data centers.
- Firmer Bitcoin prices are providing a tailwind for the broader crypto mining sector, helping the stock recover from recent downward pressure.