According to Eric Balchunas, Defiance is preparing to launch an Enhanced Long Vol ETF designed for volatility traders. The ETF will go long on VIX futures while simultaneously shorting the S&P 500, offering a targeted strategy for those seeking to profit from market volatility spikes. Conversely, the Short Vol ETF will take the opposite positions, going short on VIX futures and long on the S&P 500. This product lineup may provide traders with efficient tools to hedge or speculate on volatility movements and broad market trends (source: Eric Balchunas via Twitter, May 4, 2025).