Bitfarms .(US:BITF) Globenewswire·2025-12-30 13:30Core Viewpoint - Defiance ETFs has launched the Defiance Daily Target 2X Long BITF ETF (BTFL), aimed at active traders seeking amplified exposure to Bitfarms Ltd. (BITF) [1][2] Group 1: Fund Overview - The BTFL ETF is designed to provide 200% of the daily percentage change in the share price of Bitfarms Ltd., allowing investors to express short-term bullish views on the stock [2][3] - The fund is not a direct investment in Bitfarms Ltd. but offers a leveraged exposure through financial instruments [5] Group 2: Underlying Company - Bitfarms Ltd. is a global energy and computer infrastructure company based in Toronto, Canada, focusing on bitcoin mining through energy-efficient data centers [4] - The company operates server farms that validate transactions on the Bitcoin blockchain, emphasizing vertically integrated operations [4] Group 3: Investment Strategy - The fund seeks to achieve its investment objective on a daily basis, meaning it is designed for short-term use and may not perform as expected over longer periods due to compounding effects [3][6] - The fund's strategy involves entering into swap contracts and options contracts based on the share price of Bitfarms Ltd., exposing it to similar risks as owning the underlying security [9][10]