Core Viewpoint - A new exchange-traded fund (ETF) named Defiance Trillion Dollar Club Index ETF (TRIL) has launched, providing U.S. investors with exposure to rapidly growing digital assets and AI sectors [1][2]. Group 1: ETF Overview - TRIL tracks the BITA Trillion Dollar Club Index, which includes major companies like Nvidia, Tesla, Microsoft, Apple, Alphabet, Amazon, and Meta Platforms [2]. - The ETF also includes BlackRock's iShares Bitcoin Trust (IBIT) and Berkshire Hathaway in its portfolio [2]. - On its debut, TRIL traded 5,744 shares at a price of $20 per share, resulting in a total trading volume of $114,800 [5]. Group 2: Market Context - The launch of TRIL follows a significant increase in the prices of Mag 7 stocks and digital assets over the past two years [3]. - BlackRock's iShares Bitcoin Trust (IBIT) has nearly $88 billion in assets under management, making it the most popular Bitcoin fund among institutions [4]. - Bitcoin (BTC), the largest cryptocurrency, has seen a 77% increase in market cap over the past year, currently valued at over $2.2 trillion [4]. Group 3: Industry Impact - The companies represented in TRIL are considered global leaders in AI, cloud computing, semiconductors, digital assets, and next-generation technologies [5]. - Mag 7 stocks constitute about one-third of the S&P 500, contributing significantly to the index's overall market value [4].

Core Insights - Defiance ETFs has launched the Defiance Drone & Modern Warfare ETF (NYSE:JEDI) to capitalize on the transformation in defense and infrastructure driven by drones and AI autonomy [1][3] - JEDI focuses on innovative companies rather than traditional defense primes, targeting those generating significant revenue from military drones, unmanned systems, and AI-driven technologies [2][4] Industry Trends - Drones are increasingly central to next-generation technology, integrating AI, robotics, and aerospace, with applications extending beyond defense to sectors like agriculture and energy [3][4] - Geopolitical factors and innovation are driving demand for domestic drone manufacturing in the U.S., with commercial applications growing in areas such as precision farming and real-time infrastructure monitoring [3][4] ETF Structure and Strategy - JEDI's portfolio includes a mix of U.S. firms and international innovators, balancing growth-oriented startups with established manufacturers to provide both innovation exposure and revenue visibility [4][5] - The ETF is designed to mitigate volatility through diversification across hardware, software, and applications, while including cash-flow positive companies for stability [5] Market Outlook - The drone industry is expected to experience double-digit growth over the next three to five years, with drones becoming as ubiquitous as satellites in defense and delivery vans in commerce [6] - JEDI will rebalance quarterly to maintain exposure to emerging players in the drone and AI sectors, ensuring alignment with rapid technological advancements [7]

Group 1: Fund Overview - Defiance ETFs launched the Defiance Daily Target 2X Long OSCR ETF (Ticker: OSCX), providing 2X daily exposure to Oscar Health, Inc. (NYSE: OSCR) [1][2] - The fund aims to deliver daily investment results of 200% of the daily performance of Oscar Health, utilizing derivatives like swaps and options [2][3] Group 2: Company Profile - Oscar Health, Inc. is a technology-driven health insurance company focused on making healthcare more accessible and affordable through innovative plan designs and digital platforms [3] - The company is recognized for being one of the first insurers built around a full-stack technology platform, transforming the insurance experience for individuals, families, and small businesses [3] Group 3: Investment Considerations - An investment in OSCX is not a direct investment in Oscar Health, Inc., and the fund is designed for knowledgeable investors who understand the risks associated with leveraged investments [4][6] - The fund is intended for short-term trading and may not be suitable for buy-and-hold investors due to the potential for significant losses over periods longer than one day [4][10]

Core Viewpoint - Tidal Financial Group and Defiance ETFs have announced the closure and liquidation of the Battleshares™ TSLA vs F ETF, determining it to be in the best interest of the fund and its shareholders [1] Fund Closure Details - The Battleshares™ TSLA vs F ETF will cease trading on the NYSE Arca at the close of regular trading on October 6, 2025, and will no longer accept creation orders from that date [2] - Shareholders can sell their holdings prior to the Closing Date through standard brokerage transactions, which may incur customary brokerage fees [3] Liquidation Process - Between October 6, 2025, and October 10, 2025, the Fund will begin liquidating its holdings and increasing its cash position in preparation for final distribution, during which the portfolio will deviate from its stated investment strategy [4] - On or around October 10, 2025, the Fund will distribute its remaining net assets to shareholders of record who have not sold their shares prior to liquidation, with the final distribution made in cash on a pro rata basis [5] - After the distribution of net assets is complete, the Fund will be officially terminated [6] Company Background - Tidal Financial Group, formed by ETF industry pioneers, aims to revolutionize the development, launch, marketing, and sale of ETFs, focusing on growing assets under management (AUM) and providing comprehensive services and tools for ETF innovation [7]

Group 1 - A significant number of crypto ETF applications have been submitted to the SEC, including five new filings that cover a range of assets from Avalanche infrastructure to Bonk meme coin [1][2] - The total number of pending crypto ETF applications has exceeded 92, with many facing deadlines in October and November [2] - REX-Osprey's XRP and Dogecoin ETFs are set to launch using the 40 Act structure, which allows for faster market entry [3] Group 2 - Bitcoin ETFs have seen net inflows of $292 million, while Ethereum products experienced outflows of $61.74 million as of September 16 [3] - Analysts believe that infrastructure tokens like Avalanche have the highest chances of SEC approval due to their established market cap and regulatory comfort [5][7] - Memecoins and basis trading products are expected to face more scrutiny from regulators due to concerns over their volatility and liquidity profiles [4][6] Group 3 - The basis trade approach is considered the "first of its kind" and is likely to encounter additional regulatory scrutiny due to its complexity [6] - Bitwise is pursuing institutional-grade exposure to Avalanche, joining other firms like VanEck and Grayscale [5] - The SEC clarified in February that memecoins are not classified as securities, but analysts still view infrastructure coins as more favorable for approval [7]

To get back to the markets, all three major averages notching all-time highs that took place yesterday. Join us right now to talk about Sylvia Jablonsky, Defianc's ETF CEO, chief investment officer. Good morning to you.Uh we've been talking all week about what has been a remarkable ride um as it as it relates to the markets. The question is, of course, does this all keep up. And I would just ask you to some degree how concerned you are that effectively the markets keep rising on what seems to be the back of ...

Company Overview - Defiance ETFs has launched the Defiance Daily Target 2X Long PM ETF (Ticker: ZYN), which offers investors 2X daily exposure to the performance of Philip Morris International Inc. (NYSE: PM) [1][2] - Philip Morris International is a leading international tobacco company that manufactures and sells cigarettes, smoke-free products, and associated devices, focusing on transitioning adult smokers to less harmful alternatives through its IQOS platform [3] Fund Objectives and Structure - The ZYN fund aims to deliver daily investment results of 200% of the daily performance of Philip Morris International Inc., utilizing derivatives such as swaps and options to achieve its leveraged objectives [2] - The fund is designed for knowledgeable investors who understand the risks associated with seeking daily leveraged investment results and are willing to actively monitor their portfolios [4][10] Industry Context - The tobacco and reduced-risk product industry faces various challenges, including regulatory pressures, litigation risks, and changing consumer preferences, which could impact the performance of companies like Philip Morris International [9]

Core Viewpoint - Defiance ETFs has launched the Defiance Daily Target 2X Long ANET ETF (Ticker: ANEL), which offers investors 2X daily exposure to the performance of Arista Networks, Inc. (NYSE: ANET) [1][2]. Company Overview - Arista Networks is a global leader in cloud networking solutions, providing scalable and high-performance platforms for large data centers, enterprise networks, and cloud providers [3]. - The company focuses on software-driven architecture, network automation, and advanced AI-driven security, positioning itself as a key enabler of cloud computing and next-generation enterprise connectivity [3]. Fund Structure and Strategy - The ANEL fund aims to deliver daily investment results of 200% of the daily performance of Arista Networks, utilizing derivatives such as swaps and options to achieve its leveraged objectives [2]. - The fund is designed for knowledgeable investors who understand the risks associated with seeking daily leveraged investment results and are willing to actively monitor their portfolios [4]. Company Background - Defiance ETFs, founded in 2018, specializes in thematic, income, and leveraged ETFs, and is recognized for its innovative approach in the ETF market [5].

Core Viewpoint - Defiance ETFs has launched the Defiance Daily Target 2X Short LLY ETF (Ticker: LLYZ), which provides investors with 2X inverse daily exposure to the performance of Eli Lilly and Company, allowing retail investors to seek enhanced downside exposure without needing a margin account [1][3]. Group 1: Fund Overview - LLYZ aims to deliver daily investment results of -200% of the daily performance of Eli Lilly and Company, utilizing derivatives such as swaps and options to achieve its leveraged objectives [2]. - The fund is designed for knowledgeable investors who understand the risks associated with seeking daily leveraged inverse investment results and are willing to actively monitor their portfolios [4]. Group 2: Company Profile - Eli Lilly and Company is recognized as a global leader in the pharmaceutical industry, known for its innovative therapies in areas such as diabetes, oncology, immunology, and neuroscience [3]. - The fund offers targeted inverse exposure for traders looking for amplified downside exposure without the need for a margin account, distinguishing it from direct investments in Eli Lilly [3]. Group 3: Company Background - Defiance, founded in 2018, specializes in thematic, income, and leveraged ETFs, positioning itself as a leader in ETF innovation [5]. - The company focuses on empowering investors to take amplified positions in high-growth companies through its first-mover leveraged single-stock ETFs [5].

Quantum Computing - Quantum computing is considered a call option on the future of technology and computing, with increasing commercialization and advancements in material science, drug discovery, aerospace, and defense [2][3] - The US, China, and Europe are in a race in quantum computing, with increased capital expenditure (capex) in the space, exemplified by the collaboration between IBM and AMD [3] Market and Investment Strategy - Investors should monitor the Federal Reserve's (Fed) rate cut path for potential market impact; any changes in timing or quantity of cuts could pull the market back [5] - Mega-cap tech stocks are already widely held in investor portfolios, and new themes like AI power and infrastructure, and modern warfare offer new investment opportunities [11][12][14][15] Earnings and Technology Trends - S&P earnings were up 10% year-over-year, and NASDAQ earnings were up over 30% year-over-year, with mega-caps leading the growth, driven by capex in areas like AI [8] - Nvidia is central to the AI trade, and its performance is expected to impact hyperscalers, cybersecurity, AI chips, data centers, and cloud computing; expectations include over 50% revenue growth and close to 50% EPS growth [8] Modern Warfare - Modern warfare, including drones and satellites, presents investment opportunities, supported by government spending, with the last aerospace and defense contract being approximately $850 billion [14][15]