Defiance Daily Target 2X Long IREN ETF is trading 7.5% higher today as a rebound in cryptocurrencies and improved risk appetite lift leveraged exposure to IREN and related crypto-mining plays.
- The move follows several days of steep selling in high-beta miners, with firmer Bitcoin prices encouraging short covering.
- Broader equity market strength is supporting tactical dip buying in this 2x leveraged vehicle after the recent downturn.