Defiance files for Bitcoin and Ethereum ETF to capture hedge fund arbitrage strategy
Defiance ETFs filed functions for Bitcoin and Ethereum associated market-neutral exchange-traded funds (ETFs) known as NBIT and DETH that execute a hedge fund arbitrage strategy. Bloomberg senior ETF analyst Eric Balchunas shared the filings on Sept. 16, noting that the funds function a strategy of shopping for spot crypto belongings whereas shorting futures contracts to…
