According to the source, Defiance submitted a prospectus to the U.S. SEC outlining 49 exchange-traded funds that would offer leveraged exposure to Bitcoin (BTC) funds and crypto-related equities (source: Defiance ETFs prospectus filed with the U.S. SEC). For traders, leveraged ETF structures reset daily and can magnify gains and losses, often increasing intraday volatility and end-of-day rebalancing flows that can influence underlying markets and referenced funds (source: U.S. SEC Investor Bulletin on Leveraged and Inverse ETFs). If these products progress through review, monitor trading in the referenced Bitcoin funds and crypto equities around the close for potential volume spikes tied to daily leverage targeting (source: U.S. SEC Investor Bulletin on Leveraged and Inverse ETFs; Defiance ETFs prospectus filed with the U.S. SEC).