Defiance has filed a new Bitcoin basis market-neutral ETF application.
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ChainCatcher News, Bloomberg ETF analyst Eric Balchunas posted on X that Defiance has submitted a new Bitcoin basis market neutral ETF application, aiming to provide investors with a "hedge fund basis trading" strategy.
This strategy seeks to capture the premium by going long IBIT (BlackRock's Bitcoin ETF) and shorting Bitcoin futures. At the same time, they have also submitted an Ethereum version of the product, with the ticker DETH.
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