06/16/2026 | Press release | Distributed by Public on 06/16/2026 11:29
Filed pursuant to Rule 497(e)
Registration Nos. 333-264478; 811-23793
Defiance Daily Target 2X Long SpaceX ETF (SPCU)
Defiance Daily Target 2X Short SpaceX ETF (SPCQ)
(each a "Fund," collectively, the "Funds")
listed on CBOE BZX Exchange, Inc.
June 16, 2026
Supplement to the Prospectus and Statement of Additional Information (SAI),
each dated June 5, 2026, and each Summary Prospectus,
as previously supplemented
Effective June 18, 2026, each Fund's name is changed in accordance with the following chart. Accordingly, all references to each Fund's name in its respective Summary Prospectus, Prospectus and SAI are hereby amended and restated to reflect the Fund's new name.
| Current Name | New Name |
| Defiance Daily Target 2X Long SpaceX ETF | Defiance Daily Target 2X Long SPCX ETF |
| Defiance Daily Target 2X Short SpaceX ETF | Defiance Daily Target 2X Short SPCX ETF |
Please retain this Supplement for future reference.