If you've been watching AST SpaceMobile (ASTS) rocket higher and thought, "I wish I could double that move," Defiance ETFs just gave you a tool to do exactly that — with a big, flashing warning label attached.

The firm launched the Defiance ETFs Daily Target 2X Long ASTS ETF (ASTY), which seeks to deliver 200% of the daily percentage change in AST SpaceMobile shares, before fees and expenses. It's a leveraged product built for active traders who want amplified short-term exposure, not for buy-and-hold investors.

AST SpaceMobile is the Midland, Texas-based company trying to build a space-based cellular broadband network that can connect standard mobile phones directly to satellites — no special hardware required. If it works, it could reshape connectivity for telecom, aviation, and defense markets. That vision has drawn increasing investor attention as the space economy heats up.

ASTS shares have been on a tear recently, fueled by optimism around upcoming commercial milestones. The stock was up 7.4% on Thursday as of this writing.

What You Need to Know About ASTY

• ASTY aims for daily investment results equal to 200% of ASTS's daily percentage change, before fees.
• Defiance designed it for short-term traders seeking bullish exposure to ASTS.
• The ETF does not aim to achieve its objective over periods longer than a single trading day — meaning compounding can cause returns to diverge significantly from 2x over multiple days.
• AST SpaceMobile's technology targets connectivity opportunities across aviation, defense, and telecommunications.
• The company trades on Nasdaq under ASTS and is classified in Diversified Telecommunication Services.

ASTY joins a growing lineup of high-volatility thematic ETFs from Defiance, which has been churning out funds tied to AI, semiconductors, and next-generation connectivity. But it's not the only leveraged ASTS game in town. Rex Shares and Tuttle Capital also launched a competing product, the T-REX 2X Long ASTS Daily Target ETF (ASUP), which does the same thing: deliver 200% of ASTS's daily performance.

So if you're a trader looking to make a short-term bet on satellite broadband, you've got options. Just remember: leveraged ETFs are not your typical buy-and-forget investment. They reset daily, and holding them for longer than a day can lead to unexpected results — especially in volatile stocks like ASTS. Use with caution.