Defiance applies to launch two cryptocurrency basis trading ETFs
Source: ChainCatcher
Time: 2025-09-17 23:25:44
According to ChainCatcher, according to Kingshin, ETF issuer Defiance has submitted an application to the US Securities and Exchange Commission, planning to launch two exchange-traded funds built around "basis trading", one pegged to Bitcoin and the other pegged to Ethereum. The strategy aims to make profits by taking advantage of the spread between the spot market and futures contracts. Defiance sets trading codes for these two ETFs as "NBIT" (Bitcoin-related) and "DETH" (Ethereum-related).