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Defiance Submits New Bitcoin Basis Market Neutral ETF Application
Summary: According to reports, Bloomberg ETF analyst Eric Balchunas stated on X platform that Defiance has submitted a new application for a Bitcoin basis market neutral ETF, aiming to provide investors with a 'hedge fund basis trading' strategy. This strategy involves longing IBIT (BlackRock's Bitcoin ETF) and shorting Bitcoin futures to capture the premium. Additionally, they ...
According to reports, Bloomberg ETF analyst Eric Balchunas stated on X platform that Defiance has submitted a new application for a Bitcoin basis market neutral ETF, aiming to provide investors with a 'hedge fund basis trading' strategy. This strategy involves longing IBIT (BlackRock's Bitcoin ETF) and shorting Bitcoin futures to capture the premium. Additionally, they have also submitted a product version for Ethereum, with the code DETH.
