Defiance has filed an application with the US SEC to launch a "basis trading" ETF linked to BTC and ETH.
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最新报道：ETF issuer Defiance has filed with the U.S. Securities and Exchange Commission (SEC) to launch two exchange-traded funds (ETFs) structured around so-called "basis trades"—one tied to Bitcoin and the other to Ethereum. This strategy, a common practice in the cryptocurrency sector for years, aims to capitalize on the price difference between the spot market and futures contracts: investors buy cryptocurrency tokens, sell corresponding futures contracts, pocket the difference, and repeat the process, aiming for a steady return from the spread while largely shielding against significant price fluctuations. Defiance plans to use the tickers "NBIT" (for Bitcoin) and "DETH" (for Ethereum), effectively transforming this trading process into a one-click ETF. The Bitcoin ETF will buy Bitcoin spot funds like BlackRock's IBIT and short Bitcoin futures on the Chicago Mercantile Exchange (CME). Its expected return is derived from the price difference between the two markets, which is influenced by factors such as volatility and demand dynamics. (cryptoslate)
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