Defiance Launches QPUX: 2X Leveraged ETF on Pure Quantum Companies

What is the underlying index or basket of pure quantum companies that QPUX tracks, and what are its constituents? How does the 2× leveraged structure affect tracking error and volatility, especially in a nascent sector like quantum technology? What are the total expense ratio, financing costs, and other fees associated with the QPUX ETF? How does the introduction of QPUX fit within broader market sentiment and the long‑term outlook for quantum computing adoption? How does QPUX compare to existing quantum or technology-focused ETFs and other leveraged ETFs in terms of performance and risk? What are the tax implications for investors holding a leveraged ETF like QPUX, especially with daily rebalancing? What regulatory considerations or approvals are required for a 2× leveraged ETF in this niche sector? What is the projected asset‑under‑management (AUM) and liquidity profile for QPUX, particularly in its early trading days? What is the anticipated demand from retail versus institutional investors for a leveraged quantum-sector product? What potential impact could launching QPUX have on the price and volatility of the underlying quantum company stocks?