Defiance files for Bitcoin and Ethereum ETF to capture hedge fund arbitrage strategy

Defiance ETFs filed applications for Bitcoin and Ethereum related market-neutral exchange-traded funds (ETFs) called NBIT and DETH that execute a hedge fund arbitrage strategy. Bloomberg senior ETF analyst Eric Balchunas shared the filings on Sept. 16, noting that the funds operate a strategy of buying spot crypto assets while shorting futures contracts to capture premiums. The post Defiance files for Bitcoin and Ethereum ETF to capture hedge fund arbitrage strategy appeared first on CryptoSlate.