Defiance Expands Its Quantum Suite With QTUP, Targeting Early-Stage Quantum Companies

Insider Brief

Defiance ETFs has launched the Defiance Long Pure Quantum ETF (QTUP), an actively managed fund focused on early-stage companies whose businesses are primarily tied to quantum computing and machine learning.

The new ETF expands Defiance’s quantum lineup, which now includes the broad-based Defiance Quantum ETF (QTUM), the concentrated QTUP fund and the leveraged Defiance 2X Daily Long Pure Quantum ETF (QPUX).

Under its investment strategy, QTUP will allocate at least 80% of its net assets to companies deriving at least half of their revenue or operating activity from quantum computing or machine learning, with holdings reviewed at least quarterly.

PRESS RELEASE — Defiance ETFs, a leader in thematic and leveraged exchange-traded funds, announced the launch of the Defiance Long Pure Quantum ETF (Cboe BZX: QTUP), an actively managed ETF that adds early stage quantum computing companies to the firm’s quantum suite alongside its flagship Defiance Quantum ETF (QTUM) and the Defiance 2X Daily Long Pure Quantum ETF (QPUX).