Defiance is planning to launch an ETF built around "<i>basis trading</i>," leveraging the futures-to-spot spread for profit.

BlockBeats News, September 18th, according to Cryptoslate, ETF issuer Defiance has submitted an application to the U.S. Securities and Exchange Commission to launch two ETFs built around "Basis Trading," pegged to Bitcoin and Ethereum, aiming to profit from the spread between the spot market and futures contracts while essentially mitigating the impact of significant price fluctuations.