Defiance ETFs Looking To Bet Against Blockchain

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The company Defiance ETFs has unveiled plans for new ETF looking to bet against the US’s first blockchain ETF, BLOK. The Short Blockchain and Digital Assets Industry ETF is looking to represent an inverse performance of the Transformational Data Sharing ETF (BLOK). They plan to do this by purchasing short positions of BLOK as well as running swap agreements with global financial institutions.

ETF Newz Says:

Defiance has stated that the goal is to track an investment objective for a single day making the ETF best intended for the active investor.


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