Defiance Investments has filed a prospectus for 49 new 3X leveraged and inverse ETFs, including funds focused on cryptocurrency and tech stocks. The proposed ETFs aim to provide triple daily exposure to companies like Coinbase, MicroStrategy, and Robinhood, as well as token-linked ETFs and Grayscale mini-trusts. The filing highlights the high short-term risk associated with these leveraged products, which are designed for aggressive traders. The move comes amid increasing inflows into spot Bitcoin and Ethereum ETFs, prompting issuers to consider leveraged versions despite their inherent risks. The SEC is currently reviewing applications for these higher-leverage products, with approvals contingent on factors such as disclosures, structure, and investor protection measures.