Defiance has submitted a new Bitcoin basis market neutral ETF application
Source: ChainCatcher
Time: 2025-09-17 09:33:16
According to ChainCatcher, Bloomberg ETF analyst Eric Balchunas posted on the X platform that Defiance submitted a new application for Bitcoin basis market neutral ETFs, 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 an Ethereum version of the product, with the code DETH.