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Benzinga

Business

Chandrima Sanyal

Defiance's RGTZ ETF Arrives As Rigetti Bets On Defense And Quantum's Next Frontier

Rigetti ETF Rigetti Computing Inc California United States

Rigetti Computing, Inc.

Defiance ETFs’ newest product, the Daily Target 2X Short Rigetti Computing ETF (NASDAQ:RGTZ), could not have landed at a more opportune time. The fund, which aims to provide -200% daily performance of Rigetti Computing Inc’s (NASDAQ:RGTI) daily results, comes just as California-based quantum leader is experiencing a strategic shift from speculative technology startup to government-linked defense contractor.

The timing of the launch, which happened on Oct 9, is brilliant. RGTZ gives traders a chance to take a leveraged position against a company whose technology could either reshape computing or remain trapped in perpetual R&D. It’s a bold bet on the volatility of Rigetti.

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