Earlier, Defiance ETFs announced RIOX, which it calls “the first 2X long ETF for Riot Platforms (RIOT).” RIOX seeks to provide 200% long daily targeted exposure to Riot Platforms. says Defiance, which adds that its single-stock ETFs “provide leveraged exposure to disruptive companies without the need for a margin account.” Sylvia Jablonski, CEO of Defiance ETFs, stated: “Building off the success of MSTX, RIOX offers investors a unique opportunity to amplify their exposure to the rapidly evolving blockchain and cryptocurrency mining sector. Riot Platforms has positioned itself as a leader in Bitcoin mining, not only by capitalizing on the growing demand for decentralized digital assets and infrastructure but also by strategically adding Bitcoin to its balance sheet, similar to MicroStrategy’s approach, further reinforcing its commitment to the crypto ecosystem.”
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Read More on RIOT:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
