The Defiance plan will launch an ETF based on "basis trading", profiting from the difference between spot and futures prices.

On September 18, according to Cryptoslate, ETF issuer Defiance has submitted an application to the SEC, planning to launch two ETFs based on "basis trading," linked to Bitcoin and Ethereum respectively, profiting from the price differences between the spot market and futures contracts, while fundamentally avoiding the impact of significant price fluctuations.

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