According to its latest SEC filing, Defiance aims to launch two ETFs that use basis trading to exploit price gaps between spot and futures markets for Bitcoin and Ethereum.
Defiance has submitted a filing with the U.S. Securities and Exchange Commission seeking approval for two ETFs designed around basis trading strategies tied to Bitcoin and Ethereum. The funds are intended to profit from discrepancies between spot and futures prices while reducing exposure to significant price swings. If approved, these ETFs would provide institutional and retail investors with a structured arbitrage-focused vehicle for crypto markets.