You've got the Defiance Daily 2X MicroStrategy ETF. How is demand for those sorts of leveraged products on MicroStrategy at the moment? Demand is on fire. That's the best way I can put it. You know, we've seen billions of dollars

of assets flowing into this ETF. It's by far the fastest-growing ETF that we've ever seen. And I think the reason is that, you know, Bitcoin has just taken off, and whether that's because of the commercialization of Bitcoin, ETFs holding Bitcoin, you know, favorable

policy with the new government coming into office, I just think that there's this huge tailwind. And who is the best proxy for Bitcoin? It's MicroStrategy. A stock listed on an exchange as a single name. It trades as a leveraged,

you know, version of Bitcoin, and we've now leveraged it two times. And so this, you know, short-term volatility; traders love the ETF, and it's just been wildly popular from an institutional perspective as well as a retail perspective. Absolutely.

Both institutions and retail. I think what's great about the institutional angle is that some institutions are still sort of wary about holding Bitcoin itself, whether it's through a digital wallet or using an ETF for it. But, you know, MicroStrategy is just a

stock, right? That trades on an exchange. And so they are able to put that in their portfolios. And I think that shores up a lot of demand, a very volatile holding in portfolios. Talk to us about, therefore, when you're

Looking at the hype cycles around, whether it's crypto or AI, I'm comparing and contrasting how much you're still seeing people wanting to pour into the infrastructure side of AI.  Do your ETFs have exposure to that?

Ever since the ChatGPT moment and now the Google Willow moment, and, you know, crypto and the buzz around that, there are trillions of dollars of cash sitting on the sidelines. There's the biggest wealth transfer of our generation happening as we speak.

And, you know, Gen Z, Millennials, Gen X...the younger traders, this is where they're allocating their funds to. And retail has definitely spoken, and institutions have definitely spoken,

and they're looking for that fourth industrial revolution allocation. And the biggest trades right now are basically quantum and MicroStrategy. Let's go into quantum because we just had Jack Hidary on from SandboxAQ and he was talking about how we're starting to see quantum theory be put into practice.

You just mentioned Willow and the breakthroughs over at Google, which are stock people should be looking at. Are they only dominating the big companies that have exposure to quantum, like an IBM or Google, or are they going smaller?

Yeah. So we kind of looked at this space. And what I like about what Jack explained is his company has the A and the Q, the AI and the quantum. So chatbot AI is, you know, kind of...

Version one quantum is taking everything to the next level. So you need quantum in order for it to be efficient. You need to process that data quickly. It will help, you know, essentially healthcare, cryptography, aerospace and defense, blockchain

technology. Anything you can think of will be better too, with quantum supercomputing power. And so the most popular stocks right now are a combination of large caps and small caps. Right?

So you have like the IBMs, the Googles, the Nvidias. Some of these companies are actually very relevant: HP, IBM. And then the smaller names that are just taking off, hundreds and hundreds percentage points of performance, are companies like D-Wave, IonQ.

Regarding computing, we actually married them in our ETF, Quantum. So you have the large caps and the small caps, so the balance and the quality earnings with the high flyers and the movers that are just winning. Just look at these high flyers. Moment like basically 1,000% on D-Wave Quantum over the last year to date, 200%.

How cautious have people been getting into these wildly volatile names, even if they are up into the right? Yeah, I think tech people have been doing a combination of both, right? So they're getting into these smaller names, but they're also looking at things like the ETF to have a...

Yeah. And, you know, you want to kind of like balance it with the Googles, right? I think Google is a company that has many, many things that can perform quite well. And so it kind of balances your risk on the small caps.

But also, again, it comes back to the administration. The administration is very favorable toward quantum, you know, rate cuts, you know, kind of more freedom for M&A activity in theory. And so that backdrop also helps, along with just the super high-flying technology that's moving forward.

AI Demand at All-Time High, Says Defiance CEO Jablonski

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Discussion on the Defiance Daily 2X MicroStrategy ETF and its surging demand.

Billions of dollars in assets have flowed into the ETF, making it the fastest-growing one ever seen.

The growth is attributed to Bitcoin's takeoff, potentially due to commercialization, ETFs, and favorable government policy.

MicroStrategy is seen as the best proxy for Bitcoin, being a leveraged version traded on an exchange.

Institutions wary of holding Bitcoin directly find MicroStrategy stock a suitable alternative.

Shifting focus to the hype cycles around crypto and AI, and investment in infrastructure.

Trillions of dollars are on the sidelines, with a major wealth transfer underway to younger generations investing in these technologies.

Retail and institutional investors are seeking allocations in the fourth industrial revolution, particularly in quantum and MicroStrategy.

Discussion on quantum computing and its practical applications, including companies involved.

Quantum computing is considered the next level beyond current AI, essential for efficient data processing.

Quantum computing is expected to enhance various fields, including healthcare, cryptography, aerospace, defense, and blockchain technology.

Popular quantum-related stocks include large caps like IBM, Google, and Nvidia, and smaller, high-performing companies like D-Wave and IonQ.

The Quantum ETF offers a balanced approach by including both large-cap and small-cap companies in the sector.