Defiance has filed an application for a Bitcoin Basis Market Neutral ETF, according to Bloomberg ETF analyst Eric Balchunas. The proposed ETF aims to offer investors a "hedge fund basis trading" strategy by going long on IBIT, BlackRock's Bitcoin ETF, while shorting Bitcoin futures. Additionally, Defiance has submitted an Ethereum version of the product, with the ticker symbol DETH.
Defiance Files for Bitcoin Basis Market Neutral ETF
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