NEW YORK, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Tidal Financial Group and Defiance ETFs today announced their decision to close and liquidate eight exchange-traded funds listed on various exchanges as indicated below:

Defiance Daily Target 2X Long LMND ETF (NASDAQ:LMNX)

Defiance Daily Target 2X Long ZETA ETF (NYSE:ZETX)

Defiance Daily Target 2X Long DKNG ETF (NASDAQ:DKNX)

Defiance Daily Target 2X Short OKLO ETF (NYSE:OKLS)

Defiance Daily Target 2X Long MP ETF (NYSE:MPL)

Defiance Daily Target 2X Short HOOD ETF (NYSE:HOOZ)

Defiance Daily Target 2X Long RKT ETF (Cboe: RKTL)

Defiance 2X Daily Long Pure Drone and Aerial Automation ETF (Cboe: DRNL)

The Board of Trustees of Tidal Trust II approved this action as part of Defiance’s ongoing review of its product lineup and its commitment to offering investors a focused suite of strategies aligned with evolving market conditions and investor demand.

The final day of trading for the funds on their respective exchanges will be Thursday, August 27, 2026. After the market close on this date, the funds will be delisted and will no longer accept creation orders. Shareholders who continue to hold shares as of each fund’s liquidation date, Tuesday, September 8, 2026, will have their shares automatically redeemed for cash at the funds’ net asset value (NAV) calculated on the liquidation date.

Defiance encourages shareholders to consult their financial or tax advisors regarding the potential tax implications of the liquidation.

About Tidal Financial Group

Formed by ETF industry pioneers and thought leaders, Tidal Investments LLC is dedicated to revolutionizing ETF development, launch, marketing, and sales. With a focus on growing AUM, Tidal provides a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting investment ideas to market. Tidal is committed to ETF innovation, equipping issuers with the intelligence and tools needed to efficiently launch ETFs and optimize growth potential in a highly competitive space. For more information, visit www.tidalfinancialgroup.com.

For further inquiries, please contact media@tidalfg.com.