Defiance launches four ETFs tracking long and short positions in Bitcoin, Ethereum, and Gold

According to a report by Jinse Finance, documents submitted by Defiance ETFs, LLC to the U.S. Securities and Exchange Commission (SEC) show that the institution has applied for four new exchange-traded funds, including:

1. Bitcoin vs. Ethereum ETF: Long BTC, short ETH;

2. Ethereum vs. Bitcoin ETF: Short BTC, long ETH;

3. Bitcoin vs. Gold ETF: Long BTC, short gold;

4. Gold vs. Bitcoin ETF: Short BTC, long gold.

It is reported that each fund tracks the leveraged performance of one asset relative to another through derivatives and adopts an active management model, seeking total returns through synthetic exposure to the underlying assets. These funds do not hold spot assets but use a combination of futures contracts, swaps, options, and U.S.-listed ETFs or exchange-traded products (ETPs) to establish leveraged exposure.