Defiance plans to launch ETFs built on "basis trading" to make profits by using futures and spot spreads

According to BlockBeats, on September 18, according to Cryptoslate, ETF issuer Defiance has submitted an application to the US Securities and Exchange Commission, planning to launch two ETFs built around "basis trading", which are linked to Bitcoin and Ethereum respectively, to make profits by using the price difference between the spot market and futures contracts, while basically avoiding the impact of large price fluctuations.