{"success":true,"data":{"pressRelease":{"id":"125287","rtpr_id":"nGNX1JZy70","ticker":"DKNX","exchange":"NASDAQ","all_tickers":["DKNX","DRNL","HOOZ","LMNX","MPL","OKLS","RKTL","ZETX"],"title":"Defiance ETFs Announces Closure of Select Funds","author":"Globe Newswire","published_at":"2026-08-21T21:35:36.100Z","article_body":"NEW YORK, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Tidal Financial Group and Defiance\nETFs today announced their decision to close and liquidate eight\nexchange-traded funds listed on various exchanges as indicated below:\n\nDefiance Daily Target 2X Long LMND ETF (Nasdaq: LMNX)\nDefiance Daily Target 2X Long ZETA ETF (NYSE Arca: ZETX)\nDefiance Daily Target 2X Long DKNG ETF (Nasdaq: DKNX)\nDefiance Daily Target 2X Short OKLO ETF (NYSE Arca: OKLS)\nDefiance Daily Target 2X Long MP ETF (NYSE Arca: MPL)\nDefiance Daily Target 2X Short HOOD ETF (NYSE Arca: HOOZ)\nDefiance Daily Target 2X Long RKT ETF (Cboe: RKTL)\nDefiance 2X Daily Long Pure Drone and Aerial Automation ETF (Cboe: DRNL)\n\nThe Board of Trustees of Tidal Trust II approved this action as part of\nDefiance’s ongoing review of its product lineup and its commitment to\noffering investors a focused suite of strategies aligned with evolving market\nconditions and investor demand.\n\nThe final day of trading for the funds on their respective exchanges will be\nThursday, August 27, 2026. After the market close on this date, the funds will\nbe delisted and will no longer accept creation orders. Shareholders who\ncontinue to hold shares as of each fund’s liquidation date, Tuesday,\nSeptember 8, 2026, will have their shares automatically redeemed for cash at\nthe funds’ net asset value (NAV) calculated on the liquidation date.\n\nDefiance encourages shareholders to consult their financial or tax advisors\nregarding the potential tax implications of the liquidation.\n\nAbout Tidal Financial Group\n\nFormed by ETF industry pioneers and thought leaders, Tidal Investments LLC is\ndedicated to revolutionizing ETF development, launch, marketing, and sales.\nWith a focus on growing AUM, Tidal provides a comprehensive suite of services,\nproprietary tools, and methodologies designed to bring lasting investment\nideas to market. Tidal is committed to ETF innovation, equipping issuers with\nthe intelligence and tools needed to efficiently launch ETFs and optimize\ngrowth potential in a highly competitive space. For more information, visit\nwww.tidalfinancialgroup.com.\n\nFor further inquiries, please contact media@tidalfg.com.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/5c7bf607-1064-49fc-bad0-ac6ad43f4cdc)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX1JZy70","title":"Defiance ETFs Announces Closure of Select Funds","author":"Globe Newswire","ticker":"DKNX","created":"2026-08-21T21:35:36.100Z","tickers":["DKNX","DRNL","HOOZ","LMNX","MPL","OKLS","RKTL","ZETX"],"exchange":"NASDAQ","article_body":"NEW YORK, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Tidal Financial Group and Defiance\nETFs today announced their decision to close and liquidate eight\nexchange-traded funds listed on various exchanges as indicated below:\n\nDefiance Daily Target 2X Long LMND ETF (Nasdaq: LMNX)\nDefiance Daily Target 2X Long ZETA ETF (NYSE Arca: ZETX)\nDefiance Daily Target 2X Long DKNG ETF (Nasdaq: DKNX)\nDefiance Daily Target 2X Short OKLO ETF (NYSE Arca: OKLS)\nDefiance Daily Target 2X Long MP ETF (NYSE Arca: MPL)\nDefiance Daily Target 2X Short HOOD ETF (NYSE Arca: HOOZ)\nDefiance Daily Target 2X Long RKT ETF (Cboe: RKTL)\nDefiance 2X Daily Long Pure Drone and Aerial Automation ETF (Cboe: DRNL)\n\nThe Board of Trustees of Tidal Trust II approved this action as part of\nDefiance’s ongoing review of its product lineup and its commitment to\noffering investors a focused suite of strategies aligned with evolving market\nconditions and investor demand.\n\nThe final day of trading for the funds on their respective exchanges will be\nThursday, August 27, 2026. After the market close on this date, the funds will\nbe delisted and will no longer accept creation orders. Shareholders who\ncontinue to hold shares as of each fund’s liquidation date, Tuesday,\nSeptember 8, 2026, will have their shares automatically redeemed for cash at\nthe funds’ net asset value (NAV) calculated on the liquidation date.\n\nDefiance encourages shareholders to consult their financial or tax advisors\nregarding the potential tax implications of the liquidation.\n\nAbout Tidal Financial Group\n\nFormed by ETF industry pioneers and thought leaders, Tidal Investments LLC is\ndedicated to revolutionizing ETF development, launch, marketing, and sales.\nWith a focus on growing AUM, Tidal provides a comprehensive suite of services,\nproprietary tools, and methodologies designed to bring lasting investment\nideas to market. Tidal is committed to ETF innovation, equipping issuers with\nthe intelligence and tools needed to efficiently launch ETFs and optimize\ngrowth potential in a highly competitive space. For more information, visit\nwww.tidalfinancialgroup.com.\n\nFor further inquiries, please contact media@tidalfg.com.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/5c7bf607-1064-49fc-bad0-ac6ad43f4cdc)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-21T21:35:36.136406509Z","server_sent_at_ms":1787348136136},"received_at":"2026-08-21T21:35:36.187Z","source_url":null},"analysis":{"id":"114239","press_release_id":"125287","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":["Fund closure indicates insufficient investor demand or poor performance","Shareholders forced to liquidate position at NAV or sell prior to delisting"],"eventType":"restructuring","narrative":"Defiance ETFs and Tidal Financial Group announced the liquidation of eight funds, including the Defiance Daily Target 2X Long DKNG ETF (DKNX).\n\nThe final day of trading for these funds will be August 27, 2026, after which they will be delisted and stop accepting creation orders.\n\nShareholders remaining as of the September 8, 2026 liquidation date will have their shares automatically redeemed for cash at the fund's net asset value.","sentiment":"bearish","agentHooks":{"shouldPost":false,"suggestedAngle":"Defiance liquidates eight ETFs including DKNX; trading halts August 27."},"keyFigures":{"customDimensions":{"funds_closed":8,"last_trading_day":"August 27, 2026","liquidation_date":"September 8, 2026"}},"quotedText":"","namedEntities":{"people":[],"products":["Defiance Daily Target 2X Long LMND ETF","Defiance Daily Target 2X Long ZETA ETF","Defiance Daily Target 2X Long DKNG ETF","Defiance Daily Target 2X Short OKLO ETF","Defiance Daily Target 2X Long MP ETF","Defiance Daily Target 2X Short HOOD ETF","Defiance Daily Target 2X Long RKT ETF","Defiance 2X Daily Long Pure Drone and Aerial Automation ETF"],"companies":[{"name":"Tidal Financial Group","relationship":"issuer"},{"name":"Defiance ETFs","relationship":"issuer"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"The fund is being liquidated and delisted, representing a terminal event for the security that forces redemption for all shareholders."},"tickerRelevance":{"others":[{"ticker":"LMNX","relevance":"fund_affected"},{"ticker":"ZETX","relevance":"fund_affected"},{"ticker":"OKLS","relevance":"fund_affected"},{"ticker":"MPL","relevance":"fund_affected"},{"ticker":"HOOZ","relevance":"fund_affected"},{"ticker":"RKTL","relevance":"fund_affected"},{"ticker":"DRNL","relevance":"fund_affected"}],"primary":"DKNX"},"globalImportance":15,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"niche_etf","eventGravity":"fund_liquidation"}},"event_type":"restructuring","event_type_secondary":null,"sentiment":"bearish","material_impact_score":3,"narrative":"Defiance ETFs and Tidal Financial Group announced the liquidation of eight funds, including the Defiance Daily Target 2X Long DKNG ETF (DKNX).\n\nThe final day of trading for these funds will be August 27, 2026, after which they will be delisted and stop accepting creation orders.\n\nShareholders remaining as of the September 8, 2026 liquidation date will have their shares automatically redeemed for cash at the fund's net asset value.","key_figures":{"customDimensions":{"funds_closed":8,"last_trading_day":"August 27, 2026","liquidation_date":"September 8, 2026"}},"named_entities":{"people":[],"products":["Defiance Daily Target 2X Long LMND ETF","Defiance Daily Target 2X Long ZETA ETF","Defiance Daily Target 2X Long DKNG ETF","Defiance Daily Target 2X Short OKLO ETF","Defiance Daily Target 2X Long MP ETF","Defiance Daily Target 2X Short HOOD ETF","Defiance Daily Target 2X Long RKT ETF","Defiance 2X Daily Long Pure Drone and Aerial Automation ETF"],"companies":[{"name":"Tidal Financial Group","relationship":"issuer"},{"name":"Defiance ETFs","relationship":"issuer"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-21T21:36:57.809Z","global_importance":15,"audience_relevance":15,"importance_components":{"tickerTier":"niche_etf","eventGravity":"fund_liquidation"}},"durationMs":null,"modelName":"glm-4.7"}}