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Defiance ETFs Announces Closure of BU and CVNX Funds

  • Tidal Financial Group & Defiance ETFs announced the closure & liquidation of the Defiance Daily Target 2X Long B ETF (NASDAQ: BU) & Defiance Daily Target 2X Long CVNA ETF (NASDAQ: CVNX).
  • The final trading day for BU & CVNX on Nasdaq is Monday, June 8, 2026, after which creation orders will cease.
  • Shares held by investors as of the liquidation date, Friday, June 12, 2026, will be automatically redeemed for cash at the funds' net asset value.
  • Defiance advises shareholders to consult financial or tax advisors regarding the implications of these liquidations.