Defiance launched four ETFs that track long and short positions in Bitcoin, Ethereum, and gold

ChainCatcher news, according to documents submitted by Defiance ETFs, LLC to the U.S. Securities and Exchange Commission (SEC), the firm has applied for four new exchange-traded funds, including:

• Bitcoin vs. Ethereum ETF: Long BTC, Short ETH;
• Ethereum vs. Bitcoin ETF: Short BTC, Long ETH;
• Bitcoin vs. Gold ETF: Long BTC, Short Gold;
• 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 employs an active management approach, seeking total return through synthetic exposure to the underlying assets. These funds do not hold spot assets but instead establish leveraged exposure using a combination of futures contracts, swaps, options, and ETFs or exchange-traded products (ETPs) listed in the U.S.