Defiance Unveils Blockchain ETF Facilitating Hedging in Crypto Sector
The premier developer of themed ETFs, Defiance, has announced the debut of The Defiance Daily Short Digitizing the Economy ETF (IBIT). IBIT initiates short positions in the Amplify Transformational Data ETF (BLOK), a top professionally administered ETF that provides coverage to firms in the cryptocurrency and blockchain environment.
The flexible portfolio of thematic ETFs offered by Defiance enables individual and institutional investors to convey a specific perspective on dynamic industries that are pioneering disruptive developments.
“We stay very optimistic about the rise of cryptocurrencies and the crypto asset environment in the forthcoming years. Nevertheless, considering the recent emergence of the cryptocurrency winter – the mass influx of layoffs and revenue losses – we trust shorting positions such as Coinbase, Galaxy, and Robinhood, as well as those participating in the metaverse, such as Meta and Roblox, will offer downside security in the prevailing climate,” stated Sylvia Jablonski, CEO and CIO of Defiance ETFs.