Defiance Launches ONDL: The First 2X Long Daily ETF for Ondas Holdings Inc.
Defiance ETFs today announced the launch of the Defiance Daily Target 2X Long ONDS ETF (ONDL), expanding its lineup of single-stock leveraged ETFs designed for active traders seeking amplified short-term exposure to innovative and emerging technology companies.
MIAMI, December 30, 2025 (GLOBE NEWSWIRE) — Defiance ETFs today announced the launch of Defiance Daily Target 2X Long ONDS ETF (ONDL)further expanding its range of single-stock leveraged ETFs designed for active traders seeking amplified short-term exposure to innovative and emerging technology companies.
ONDL is designed for traders seeking amplified, short-term bullish exposure to Ondas Holdings Inc. (NASDAQ: ONDS). The Fund seeks to generate 200% of the daily percentage change in ONDS’s share price, allowing investors to express tactical bullish views on Ondas Holdings within the accessibility, transparency and convenience of an exchange-traded fund.
Investment objective The Fund seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the stock price of Ondas Holdings Inc. (Nasdaq: ONDS). The Fund does not seek to achieve its stated investment objective for any period other than a single trading day.
Underlying Stock: Ondas Holdings Inc. Ondas Holdings Inc. is a technology company focused on providing advanced wireless data solutions through proprietary software-defined radio systems and related technologies. The company serves critical markets, including industrial, transportation, defense and infrastructure applications, where secure, reliable, low-latency wireless communications are essential.
An investment in ONDL is not a direct investment in Ondas Holdings Inc.
The Fund is not suitable for all investors. The Fund is intended for use only by sophisticated 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 frequently monitor their portfolios. The Fund is not intended to be used and is not suitable for investors who do not intend to actively monitor and manage their portfolios. The Fund pursues daily leveraged investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund amplifies the performance of the underlying security and is designed strictly for short-term use. For periods longer than a single day, the performance of the Fund will be the result of daily compounded returns, which are very likely to differ by 200% from the return of Ondas Holdings Inc. (ONDS) over the same period. It is possible for investors to lose their entire capital in a single trading day.
IMPORTANT DISCLOSURES
Defiance ETFs LLC is the sponsor of the ETF. The investment advisor to the Fund is Tidal Investments, LLC (“Tidal” or the “Adviser”).
The Fund’s investment objectives, risks, charges and expenses should be carefully considered 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. Paper copies can be requested by calling 833.333.9383.
Investing involves risks. A loss of capital is possible. As an ETF, the Fund may trade at a premium or discount to net asset value. Shares are bought and sold at market price (not net asset value) and are not redeemed individually from the Fund. A portfolio concentrated in a single issuer or sector may be subject to a higher degree of risk. There is no guarantee that the Fund’s strategy will be properly implemented and an investor may lose all or part of his or her investment.
Risk of decline in ONDS prices. As part of the Fund’s leveraged investment strategy, the Fund enters into swap agreements and options agreements based on the stock price of Ondas Holdings Inc. (ONDS) (the “Underlying Security”). This strategy exposes the Fund to some of the same risks as if it owned shares of the underlying security, even though it does not. Due to the Fund’s indirect 2X exposure to changes in the stock price of the underlying security, the Fund is subject to the risk that the stock price of the underlying security declines. If the share price of the underlying security declines, the Fund will likely lose value and, as a result, it could suffer significant losses. The Fund may also be subject to the following risks:
Indirect investment in ONDS risk. Ondas Holdings Inc. is not affiliated with the Trust, the Fund, the Advisor or their respective affiliates, and is not involved in any way with this offering. ONDS has no obligation to take the Fund or its shareholders into account when undertaking securities transactions that may affect the value of the Fund’s shares.
ONDS Risk of poor performance. Ondas Holdings Inc.’s market value may decline if the company fails to achieve or maintain its business expectations and may be further affected by industry sentiment, analyst downgrades or unfavorable forecasts. As a company operating in the field of advanced wireless communications and related technologies, ONDS’ business and stock price may also be affected by competition, customer adoption, regulatory developments and general market conditions.
Risk linked to a single issuer. Issuer-specific characteristics may make an investment in the Fund more volatile than a traditional pooled investment that diversifies risk or follows the general market. The value of the Fund, which focuses on an individual security, may fluctuate more widely than a diversified investment or the market as a whole and may perform differently than those investments.
Composition and market volatility risk. The performance of the Fund for periods longer than one trading day will be the result of daily compounded returns over the period, which are likely to differ by 200% from the performance of the underlying security, before fees and expenses. Composition has a significant impact on funds that are leveraged and rebalance daily.
Daily correlation/tracking risk. There can be no assurance that the Fund will achieve a high degree of leveraged correlation with the underlying security and therefore achieve its daily leveraged investment objective.
Take advantage of risk. The Fund will seek 2X long exposure through financial instruments, which exposes it to the risk that a decline in the value of the underlying security will be magnified. Leverage increases the volatility of the Fund and losses may be significantly greater than the decline in the underlying security on any given day.
Counterparty risk. The Fund is subject to counterparty risk through its investments in derivatives, which exposes the Fund to the risk that the counterparty will not fulfill its obligations to the Fund.
Risk linked to derivative products. The Fund’s investments in derivatives may involve additional and greater risks than those associated with direct investment in securities or other ordinary investments, including risks related to the market, leverage, imperfect daily correlations with the underlying investments or other securities in the Fund’s portfolio, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.
Exchange agreements. The use of swap transactions is a highly specialized activity, which involves investment techniques and risks different from those associated with ordinary portfolio securities transactions. These risks may prevent the Fund from achieving its leveraged investment objective, even if the underlying security subsequently recovers all or a portion of its losses.
Options contracts. The use of options contracts involves different investment strategies and risks than ordinary portfolio securities transactions. Option prices are volatile and are influenced, among other things, by actual and anticipated changes in the value of the underlying instrument, including anticipated volatility, which may be affected by fiscal and monetary policies and national or international events. The value of the options contracts in which the Fund invests is significantly influenced by the value of the underlying security.
Fixed Income Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Generally, an increase in interest rates causes the value of fixed income securities held by the Fund to decline.
Risk rebalancing. If, for any reason, the Fund is unable to rebalance all or part of its portfolio, or if all or part of the portfolio is rebalanced incorrectly, the Fund’s exposure may not be consistent with the Fund’s investment objective.
Risk of non-diversification. Because the Fund is “non-diversified,” it may invest a higher percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. Therefore, a decline in the value of an investment in a single issuer or a smaller number of issuers could result in a greater decline in the overall value of the Fund than if the Fund held a more diversified portfolio.
High risk of portfolio turnover. Daily rebalancing of the Fund’s holdings in accordance with its daily investment objective results in a significantly higher number of portfolio transactions than most ETFs.
Liquidity risk. Certain securities held by the Fund may be difficult to sell or be illiquid, particularly during times of market turmoil. Markets in securities or financial instruments could be disrupted by any number of events, including, but not limited to, economic crisis, natural disasters, epidemics/pandemics, new legislation or regulatory changes within or outside the United States.
Risk related to new funds. The Fund is a recently established management investment company with a limited operating history. As a result, potential investors have only a limited or limited track record on which to base their investment decisions.
Diversification does not guarantee a profit or protect against loss in a declining market. Brokerage commissions may be charged on transactions.
:max_bytes(150000):strip_icc():focal(779x398:781x400)/Lauren-Alaina-2-111925-7468171c1b334daeb6e4167836879320.jpg?w=390&resize=390,220&ssl=1 "Lauren Alaina wears a smashed mirror dress to the 2025 CMA Awards, her first carpet since welcoming baby")
