Enhanced Bitcoin Investment with MSTX - The MicroStrategy ETF with 200% Leverage

Bitcoin values continue to climb following Donald Trump's election win. The incoming administration is likely to provide major support for the cryptocurrency. Investors are taking note of opportunities like MicroStrategy-backed ETFs such as MSTX.

Why MSTX Stands Out for Bitcoin Exposure

The Defiance Daily Target 2x Long MSTR ETF (NASDAQ; MSTX) is an easy way to increase Bitcoin exposure without the need to manage cryptocurrency wallets. The ETF invests in MicroStrategy stock, which holds 386,700 units of Bitcoin, representing a total

of approximately $35.65 billion, in its financial statement and essentially operates as an amplified Bitcoin surrogate.

"Given MicroStrategy's inherent higher beta compared to Bitcoin, MSTX offers a distinct opportunity for investors to maximize their leverage exposure to the Bitcoin market within an ETF wrapper," said Sylvia Jablonski, CEO and CIO of Defiance ETFs.

Beta measures how volatile an asset is compared to the broader market or, in this case, Bitcoin. A beta greater than 1.0 indicates that the asset tends to move more dramatically than its benchmark – both up and down.

MSTX, designed to mirror 200% of MicroStrategy's returns, is a leveraged bet on the digital currency market. With MSTX, investors can boost their exposure to an asset class which we believe is positioned to benefit from expanded mainstream adoption over the next four years.

Unlike investing in cryptocurrencies, MSTX is traded on the NASDAQ, providing improved liquidity and safeguards of traditional markets. Investors have the option to access increased exposure to Bitcoin through investment accounts without the need to worry about managing cryptocurrency wallets. Leveraged ETFs pursue daily investment objectives, meaning performance is amplified daily but varies over longer periods.

MSTX has grown alongside Bitcoin's rally past $80k in recent months. The total assets managed by the fund now stand at over $1 billion, indicating that investors are interested in gaining leverage on Bitcoin through conventional financial avenues.

"We are excited to see such strong early interest in the MSTX ETF, which validates our belief in the demand for specialized leveraged products that offer precise exposure to high-growth sectors," Jablonski said.

The prospect of a more crypto-friendly White House has sparked anticipation of regulatory shifts that could finally let cryptocurrency markets break into new highs. Trump's previous statements supporting cryptocurrency innovation and his criticism of current regulatory approaches suggest a possible pivot in federal oversight that could benefit Bitcoin-focused companies like MicroStrategy.

The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. An investor could lose the full principal value of his/her investment within a single day.

The Fund may not achieve investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the underlying security, and may return substantially less during such periods. During such periods, the Fund's actual leverage levels may differ substantially from its intended target, both intraday and at the close of trading, potentially resulting in significantly lower returns.

Navigating Risks in Leveraged ETFs

Investors need to be aware of the risks that come with investing. Daily readjustment of the portfolio could lead to variations in returns compared to doubling the performance of MSTR in the long run. Leverage can magnify both successes and setbacks. Investments with leverage tend to experience more significant value fluctuations than those without it.

Investors who have an outlook on Bitcoin but prefer investing in more traditional markets may find MSTX an appealing option. The fund merges the convenience of trading ETFs with increased exposure to MicroStrategy’s Bitcoin assets; however, it is crucial to practice caution in determining position sizes and managing risks due to its Nature.

Before incorporating ETFs into their investment portfolios, investors should thoroughly research and assess their risk tolerance. MSTX provides a complex method for gaining strategic access to the cryptocurrency market using conventional financial structures.

________________________________________

Investing involves risk. Principal loss is possible.

The Defiance ETFs are distributed by Foreside Fund Services, LLC.

The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and/or summary prospectus carefully before investing. Hard copies can be requested by calling 833.333.9383.

Underlying Security Risk. The underlying security is subject to many risks that can negatively impact the Fund.

Indirect Investment in MSTR Risk. MSTR is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way and has no obligation to consider your Shares in taking any corporate actions that might affect the value of Shares.

MSTR Trading Risk. The trading price of MSTR may be highly volatile and could continue to be subject to wide fluctuations in response to various factors. The stock market in general, and the market for technology companies in particular, has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of those companies. In particular, a large proportion of MSTR may be traded by short sellers which may put pressure on the supply and demand for the common stock of MSTR, further influencing volatility in its market price.

MSTR Performance Risk. MSTR may fail to meet its publicly announced guidelines or other expectations about its business, which could cause the price of MSTR to decline. MSTR provides guidance regarding its expected financial and business performance, such as projections regarding sales and production, as well as anticipated future revenues, gross margins, profitability and cash flows. Correctly identifying key factors affecting business conditions and predicting future events is inherently an uncertain process, and the guidance MSTR provides may not ultimately be accurate and has in the past been inaccurate in certain respects, such as the timing of new product manufacturing ramps.

Software Industry Risk. The software industry can be significantly affected by intense competition, aggressive pricing, technological innovations, and product obsolescence. Companies in the software industry are subject to significant competitive pressures, such as aggressive pricing, new market entrants, competition for market share, short product cycles due to an accelerated rate of technological developments and the potential for limited earnings and/or falling profit margins.

Bitcoin Risk. While the Fund will not directly invest in digital assets, it will be subject to the risks associated with Bitcoin by virtue of its investments in options contracts that reference MSTR.

Leverage Risk. Leverage may increase the risk of loss and cause fluctuations in the market value of the Fund’s portfolio to have disproportionately large effects or cause the NAV of the Fund generally to decline faster than it would otherwise.

Derivatives Risk. Derivatives may be more sensitive to changes in market conditions and may amplify risks.

Effects of Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from the Fund performance, before fees and expenses.

Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security, may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

Bitcoin Risk. While the Fund will not directly invest in digital assets, it will be subject to the risks associated with Bitcoin by virtue of its investments in options contracts that reference MSTR.

New Fund Risk. As of the date of this prospectus, the Fund has no operating history and currently has fewer assets than larger funds. Like other new funds, large inflows and outflows may impact the Fund’s market exposure for limited periods of time.

Diversification does not ensure a profit nor protect against loss in a declining market.