🚀 Defiance Increases Leverage On MicroStrategy Tracking ETFs
#Defiance #MicroStrategy #ETFs #leverage #investors #BTC #MSTR #T-Rex #funds
According to PANews, ETF issuer Defiance announced on Tuesday that it will increase the leverage ratio of its funds tracking MicroStrategy's stock price to match that of competitor T-Rex. In a statement, Defiance said, 'The daily target exposure for MSTX and SMST ETFs will be increased from 1.75x and 1.5x to 2x, respectively. As the BTC market rises, high-risk funds based on MSTR have attracted significant investor inflows. Increasing the leverage ratio will keep the issuer's ETFs competitive.'#Defiance #MicroStrategy #ETFs #leverage #investors #BTC #MSTR #T-Rex #funds
🚀 Defiance Submits Bitcoin ETF Application with Market Neutral Strategy
#Defiance #BitcoinETF #MarketNeutral #BasisTrading #IBIT #Bitcoin #Ethereum #DETH #BlackRock #ETFs #BTC #ETH
According to PANews, Bloomberg ETF analyst Eric Balchunas announced on the X platform that Defiance has submitted a new application for a Bitcoin basis market neutral ETF. The ETF aims to offer investors a 'hedge fund basis trading' strategy by going long on IBIT, BlackRock's Bitcoin ETF, while shorting Bitcoin futures to capture premiums. Additionally, Defiance has submitted an Ethereum version of the product, with the ticker code DETH.#Defiance #BitcoinETF #MarketNeutral #BasisTrading #IBIT #Bitcoin #Ethereum #DETH #BlackRock #ETFs #BTC #ETH
🚀 Defiance Launches ETF Targeting Bitfarms Stock Performance
#Defiance #ETF #Bitfarms #BitcoinMining #StockPerformance #BTFL #Cryptocurrency #Investment #BTC
According to ChainCatcher, ETF issuer Defiance has announced the launch of the Defiance Daily Target 2X Long BITF ETF (BTFL), which tracks the performance of Bitcoin mining company Bitfarms. This exchange-traded fund is designed for traders looking to amplify short-term bullish returns on Bitfarms, aiming to deliver 200% of Bitfarms' daily stock price fluctuations as returns.#Defiance #ETF #Bitfarms #BitcoinMining #StockPerformance #BTFL #Cryptocurrency #Investment #BTC