Mentioned:
IONQ -13.52% RGTI -14.53% QBTS -13.71% QUBT -11.08%
Quantum computing has continued to be one of the most exciting areas of new technological innovation. And now, the first ever leveraged ETF for quantum computing stocks has made its debut on Wall Street.
What’s happening:
- Asset management company Defiance ETF has officially launched a new leveraged quantum computing ETF on the Nasdaq known as Defiance 2X Daily Long Pure Quantum ETF (NASDAQ: QPUX)
Why it matters:
- This is the first time a leveraged ETF focused solely on publicly traded quantum computing companies has ever listed on a major stock exchange in the United States of America
Going deeper:
- The Defiance 2X Daily Long Pure Quantum ETF will initially allocate to IONQ (NYSE: IONQ), Rigetti Computing (NASDAQ: RGTI), D-Wave Quantum (NYSE: QBTS) and Quantum Computing Inc (NASDAQ: QUBT)
- Quantum computing has been an emerging theme for asset management companies lately, with Grayscale previously filing for approval with the United States Securities and Exchange Commission to launch a new ETF focused on providing exposure to quantum computing companies
The intrigue:
- Defiance ETF previously launched a leveraged ETF focused on providing 2X exposure to MicroStrategy (NASDAQ: MSTR) which rose to extreme popularity and quickly soared to more than $1B USD in assets under management
