🔴 Defiance Daily Target 2X Long RGTI ETF is trading 10.9% down today as Rigetti Computing sentiment cools after recent rally

Defiance Daily Target 2X Long RGTI ETF is trading at $36.38 (-10.86%) as the prior session's rally in Rigetti Computing fades, triggering profit-taking in the leveraged fund.

• The decline is primarily driven by a reversal in sentiment surrounding Rigetti Computing (RGTI) following a sharp news-driven surge in quantum and AI speculation.
• Broader market pressure from weakness in crypto-linked risk assets and a generally softer risk tone across markets is further weighing on the 2x leveraged instrument.
• Leveraged holders remain vulnerable to rapid price swings as the initial catalyst from the funding-related rally loses momentum.