Defiance ETFs has filed paperwork with the SEC for a series of leveraged funds designed to double the daily moves of individual stocks over hourly periods, rather than the traditional daily timeframe. This innovation targets traders seeking ultra-short-term speculation, expanding the already controversial leveraged product category. The move comes as regulators increasingly scrutinize the ET F market for encouraging excessive risk-taking.

These new funds would allow investors to amplify exposure to specific equities within a single trading day, potentially magnifying both gains and losses at an accelerated pace. The proposal highlights the industry's ongoing effort to innovate within the ETF space while navigating heightened oversight from the SEC.