Defiance ETFs, one of the leading providers of thematic exchange-traded funds (ETFs) in the market, has announced the launch of a short blockchain ETF – targeting investors out to benefit from the broader bearish struggle across the crypto industry.
Specifically, the firm has announced The Defiance Daily Short Digitizing the Economy ETF (IBIT), a product that will enter short positions for an actively managed fund dubbed Amplify Transformational Data ETF (BLOK). More details about the ETF are here, including its inception and trading on the NYSE Arca.
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Shorting companies such as Coinbase and Robinhood
The BLOK ETF offers an opportunity to benefit from price declines of companies within the blockchain and crypto ecosystem. Also included is an exposure to metaverse companies, Defiance said in a press release on Thursday.
Commenting on the IBIT short blockchain ETF, Defiance CEO Sylvia...
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