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Defiance Launches VELL: The First Daily 2X Long ETF for Velo3D, Inc.
Defiance Launches VELL: The First Daily 2X Long ETF for Velo3D, Inc.
About this update from Velo3d, Inc.
MIAMI, June 05, 2026 (GLOBE NEWSWIRE) -- Defiance ETFs today announced the launch of the Defiance Daily Target 2X Long VELO ETF (VELL), expanding its lineup of single-stock leveraged ETFs designed for active traders seeking amplified exposure to innovative growth companies. VELL is designed for traders seeking magnified, short-term bullish exposure to Velo3D, Inc. (Nasdaq: VELO), a company specializing in advanced metal additive manufacturing (3D printing) designed for high-value, mission-critical parts in technology-related sectors such as space exploration, aviation, defense, and energy. By seeking to deliver 200% of the daily percentage change in the share price of Velo3D, Inc., the Fund allows investors to express tactical upside views on VELO within the accessibility and transparency of an exchange-traded fund. Investment Objective The Fund seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Velo3D, Inc. (Nasdaq: VELO). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day. Underlying Stock: Velo3D, Inc. Velo3D, Inc. is a U.S.-based company specializing in advanced metal additive manufacturing (3D printing) designed for high-value, mission-critical parts in technology-related sectors such as space exploration, aviation, defense, and energy. VELO offers a fully integrated 3D printing hardware and software solution based on its proprietary laser powder bed fusion (L-PBF) technology, designed to greatly reduce or eliminate the need for support structures. Velo3D's technology serves customers in the space, defense, and energy industries. Velo3D is listed on the Nasdaq Capital Market and is classified within the Machinery industry. An investment in the ETF is not a direct investment in Velo3D, Inc. 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. The Fund pursues daily leveraged investment objectives, which means it ...