Defiance has submitted a new Bitcoin basis market neutral ETF application

PANews September 17th news, Bloomberg ETF analyst Eric Balchunas posted on the X platform that Defiance submitted a new Bitcoin basis market neutral ETF application, aiming to provide investors with a "hedge fund basis trading" strategy. This strategy captures the premium by longing IBIT (BlackRock’s Bitcoin ETF) and shorting Bitcoin futures. At the same time, they also submitted the Ethereum version of the product, with the code DETH.