Defiance ETFs Announces Closure of BU and CVNX Funds
you are currently viewing:Defiance ETFs Announces Closure of BU and CVNX FundsMay 29, 2026-- Tidal Financial Group and Defiance ETFs today announced their decision to close and liquidate two exchange-traded funds: the Defiance Daily Target 2X Long B ETF (Nasdaq: BU), and the Defiance Daily Target 2X Long CVNA ETF (Nasdaq: CVNX). The final day of trading for BU and CVNX (the "funds") on the Nasdaq will be Monday, June 8, 2026. After market close on this date, the funds will no longer accept creation orders. Shareholders who continue to hold shares as of each fund's liquidation date, Friday, June 12, 2026, will have their shares automatically redeemed for cash at the funds' net asset value (NAV) on the liquidation date. Source: Tidal Financial Group |
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