The Firm That Filed a Bet Against Taiwan Semiconductor Then Launched a Foundry Fund Five Days Later

Defiance ETFs filed paperwork and, within five days, launched a leveraged 2X daily bearish ETF targeting Taiwan Semiconductor Manufacturing (TSM), alongside a separate long fund built around the foundry/semiconductor supply chain that TSM dominates. The rapid product rollout is mainly a positioning/liquidity development rather than a fundamental change for TSM itself.