New ETF offers exposure to blockchain

New ETF offers exposure to blockchain, crypto firms

– Defiance ETFs has launched the Defiance Daily Short Digitizing the Economy ETF IBIT, which offers exposure to companies in the crypto and blockchain ecosystems.
– Defiance ETF CEO and Chief Investment Officer Sylvia Jablonski said she remained highly bullish on the growth of crypto and the digital asset ecosystem over the next few years.
– Jablonski said that given the recent onset of the crypto winter, she believes shorting positions such as Coinbase, Galaxy and Robinhood, along with those involved in the metaverse, like Meta and Roblox, will provide downside protection in the current environment.
– Over the past two years, more than a dozen cryptocurrency-related ETFs have been introduced.
– According to statistics provided by Bloomberg, the largest of these funds, the $572 million Amplify Transformational Data Sharing ETF BLOK, has a correlation of 0.9 or higher with 14 of the 18 other U.S.-listed crypto-themed ETFs. 3537389 1920 New ETF offers exposure to blockchain, crypto firms

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