Defiance’s Inverse Blockchain ETF

The announcement of the launch of a short blockchain exchange-traded fund (ETF) was made by Defiance ETFs, which is one of the leading providers of thematic exchange-traded funds (ETFs) in the market. The ETF is aimed at investors who want to profit from the general bearish struggle that is taking place across the cryptocurrency industry.

Specifically, the company has unveiled a new product called The Defiance Daily Short Digitizing the Economy ETF (IBIT), which is a product that will enter short positions for an actively managed fund called Amplify Transformational Data ETF (BLOK). This article provides further information regarding the exchange-traded fund (ETF), including its beginnings as well as its trading on the NYSE Arca.

Speculating against the financial success of businesses like Blockchain and Robinhood

The BLOK ETF provides investors with the potential to profit from a drop in the price of a company that operates in the blockchain and cryptocurrency ecosystem. According to a news statement issued by Defiance on Thursday, this package also includes exposure to companies involved in the metaverse.

Sylvia Jablonski, CEO of Defiance, made the following statement in response to a question about the IBIT short blockchain ETF:

We continue to have a very optimistic outlook on the development of the crypto market and the ecosystem surrounding digital assets over the next few years. We believe that shorting positions, such as Coinbase, Galaxy, and Robinhood, along with those involved in the metaverse, such as Meta and Roblox, will provide downside protection in the current environment. This is especially important in light of the recent onset of the crypto winter, which has been marked by a flood of layoffs and revenue losses.

The revelation comes at a time when major cryptocurrencies like Bitcoin and Ethereum are fighting off bears after recent price drops below critical price levels of $20,000 and $1.6 respectively. Even while there has been a general increase over the course of the past twenty-four hours, and news regarding Ethereum’s integration has helped to boost sentiment, many experts in the industry feel that there will likely be fresh declines in the near future.

In particular, as Invezz underlined in this piece, a tighter monetary policy by central banks (today saw the European Central Bank, ECB, boost interest rates by 0.75 percentage points), along with other macroeconomic and geopolitical concerns, might result in fresh losses for risk-on assets.

An inverse exchange-traded fund (ETF) that tracks the exposure of blockchain and cryptocurrency companies could be a lucrative investment for investors in such a scenario.

The bear market meltdown in June coincided with the debut of a short Bitcoin-linked ETF by ProShares. This was the first product of its kind to be offered on the US market. The fund was introduced as the price of Bitcoin was being devastated. You may learn more about that ETF by reading about it here, or you can browse our pages to learn more about the best ETFs on the market.

  • bitcoinBitcoin (BTC) $ 25,671.00 5.63%
  • ethereumEthereum (ETH) $ 1,806.81 5.06%
  • tetherTether (USDT) $ 0.997651 0.2%
  • bnbBNB (BNB) $ 275.06 10.01%
  • usd-coinUSD Coin (USDC) $ 0.999862 0.03%
  • xrpXRP (XRP) $ 0.505556 6.6%
  • staked-etherLido Staked Ether (STETH) $ 1,805.43 5.03%
  • cardanoCardano (ADA) $ 0.351057 7.83%
  • dogecoinDogecoin (DOGE) $ 0.066312 9.18%
  • solanaSolana (SOL) $ 19.91 9.8%
  • matic-networkPolygon (MATIC) $ 0.833935 7.71%
  • tronTRON (TRX) $ 0.078030 4.55%
  • litecoinLitecoin (LTC) $ 87.33 8.43%
  • polkadotPolkadot (DOT) $ 5.05 5.4%
  • binance-usdBinance USD (BUSD) $ 1.00 0.12%
  • avalanche-2Avalanche (AVAX) $ 13.89 6.42%
  • shiba-inuShiba Inu (SHIB) $ 0.000008 7.82%
  • daiDai (DAI) $ 0.998581 0.08%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 25,676.00 5.66%
  • uniswapUniswap (UNI) $ 4.71 6.6%
  • leo-tokenLEO Token (LEO) $ 3.51 2.47%
  • chainlinkChainlink (LINK) $ 6.05 7.11%
  • cosmosCosmos Hub (ATOM) $ 9.98 7.62%
  • okbOKB (OKB) $ 43.97 4.25%
  • moneroMonero (XMR) $ 141.78 4.36%
  • ethereum-classicEthereum Classic (ETC) $ 16.90 7.75%
  • stellarStellar (XLM) $ 0.087883 4.44%
  • bitcoin-cashBitcoin Cash (BCH) $ 108.32 7%
  • true-usdTrueUSD (TUSD) $ 0.999057 0.05%
  • internet-computerInternet Computer (ICP) $ 4.32 11.01%
  • lido-daoLido DAO (LDO) $ 2.11 8.38%
  • filecoinFilecoin (FIL) $ 4.19 10.07%
  • quant-networkQuant (QNT) $ 113.15 2.39%
  • crypto-com-chainCronos (CRO) $ 0.058155 4.87%
  • hedera-hashgraphHedera (HBAR) $ 0.047973 5.82%
  • nearNEAR Protocol (NEAR) $ 1.49 9.39%
  • vechainVeChain (VET) $ 0.018574 7.14%
  • apecoinApeCoin (APE) $ 2.85 12.78%
  • the-graphThe Graph (GRT) $ 0.114287 10.43%
  • paxos-standardPax Dollar (USDP) $ 0.998659 0.07%
  • fraxFrax (FRAX) $ 0.997782 0.13%
  • algorandAlgorand (ALGO) $ 0.138095 10.36%
  • the-sandboxThe Sandbox (SAND) $ 0.515594 14.61%
  • eosEOS (EOS) $ 0.837382 9.35%
  • elrond-erd-2MultiversX (EGLD) $ 36.01 5.48%
  • rocket-poolRocket Pool (RPL) $ 47.22 5.28%
  • optimismOptimism (OP) $ 1.34 10.5%
  • aaveAave (AAVE) $ 59.48 6.29%
  • decentralandDecentraland (MANA) $ 0.454998 12.35%
  • fantomFantom (FTM) $ 0.289883 12.01%
  • tezosTezos (XTZ) $ 0.853237 8.1%
  • theta-tokenTheta Network (THETA) $ 0.773352 8.59%
  • axie-infinityAxie Infinity (AXS) $ 6.62 9.25%
  • blockstackStacks (STX) $ 0.544107 12.49%
  • usddUSDD (USDD) $ 0.999557 0.09%
  • immutable-xImmutableX (IMX) $ 0.723469 12.1%
  • havvenSynthetix Network (SNX) $ 2.24 5.74%
  • bitdaoBitDAO (BIT) $ 0.479194 3.12%
  • kucoin-sharesKuCoin (KCS) $ 7.09 4.11%
  • flowFlow (FLOW) $ 0.659289 10.47%
  • radixRadix (XRD) $ 0.065015 3.7%
  • neoNEO (NEO) $ 9.22 12.37%
  • curve-dao-tokenCurve DAO (CRV) $ 0.777408 9.24%
  • galaGALA (GALA) $ 0.026345 12.29%
  • bitcoin-svBitcoin SV (BSV) $ 30.37 8.5%
  • makerMaker (MKR) $ 645.79 6.37%
  • gemini-dollarGemini Dollar (GUSD) $ 0.999917 0.16%
  • gatechain-tokenGate (GT) $ 4.03 4.55%
  • kavaKava (KAVA) $ 0.984587 2.4%
  • klay-tokenKlaytn (KLAY) $ 0.173153 7.53%
  • bittorrentBitTorrent (BTT) $ 0.00000055 6.8%
  • iotaIOTA (MIOTA) $ 0.182946 10.99%
  • pax-goldPAX Gold (PAXG) $ 1,928.04 0.68%
  • chilizChiliz (CHZ) $ 0.093691 8.73%
  • tokenize-xchangeTokenize Xchange (TKX) $ 6.14 4.8%
  • tether-goldTether Gold (XAUT) $ 1,960.42 0.33%
  • compound-ethercETH (CETH) $ 36.24 5.2%
  • huobi-tokenHuobi (HT) $ 2.87 4.52%
  • mina-protocolMina Protocol (MINA) $ 0.504850 8.65%
  • xdce-crowd-saleXDC Network (XDC) $ 0.033194 4.48%
  • gmxGMX (GMX) $ 51.75 7.66%
  • ecasheCash (XEC) $ 0.000023 6.52%
  • frax-shareFrax Share (FXS) $ 6.15 7.8%
  • dashDash (DASH) $ 38.90 9.78%
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.944803 12.25%
  • compound-usd-coincUSDC (CUSDC) $ 0.022861 0.03%
  • nexoNEXO (NEXO) $ 0.632989 4.12%
  • zilliqaZilliqa (ZIL) $ 0.021280 12.62%
  • nxmNexus Mutual (NXM) $ 51.00 4.9%
  • dydxdYdX (DYDX) $ 2.01 6.77%
  • thorchainTHORChain (RUNE) $ 1.07 9.25%
  • osmosisOsmosis (OSMO) $ 0.539658 7.01%
  • loopringLoopring (LRC) $ 0.252403 10.31%
  • arweaveArweave (AR) $ 6.23 9.9%
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.54 12.01%
  • enjincoinEnjin Coin (ENJ) $ 0.307570 9.42%
  • 1inch1inch (1INCH) $ 0.327412 12.98%
  • basic-attention-tokenBasic Attention (BAT) $ 0.200301 9.38%
  • convex-financeConvex Finance (CVX) $ 3.83 10.02%
  • gnosisGnosis (GNO) $ 111.03 5.41%
  • oec-tokenOKT Chain (OKT) $ 16.00 3.11%
  • liquity-usdLiquity USD (LUSD) $ 1.01 0.06%
  • safemoonSafeMoon [OLD] (SAFEMOON) $ 0.00000001 0%
  • cdaicDAI (CDAI) $ 0.022235 0.09%
  • nemNEM (XEM) $ 0.030197 9.75%
  • holotokenHolo (HOT) $ 0.001487 7.56%
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000 10.52%
  • oasis-networkOasis Network (ROSE) $ 0.051591 10.31%
  • qtumQtum (QTUM) $ 2.45 9.31%
  • zcashZcash (ZEC) $ 29.26 9.15%
  • linkFINSCHIA (FNSA) $ 35.35 2.97%
  • celoCelo (CELO) $ 0.481315 13.22%
  • chiaChia (XCH) $ 31.92 6.87%
  • theta-fuelTheta Fuel (TFUEL) $ 0.038791 8.23%
  • ethereum-name-serviceEthereum Name Service (ENS) $ 9.27 8.97%
  • defichainDeFiChain (DFI) $ 0.332634 4.49%
  • huobi-btcHuobi BTC (HBTC) $ 25,969.00 7.63%
  • escoin-tokenEscoin (ELG) $ 2.78 1.68%
  • audiusAudius (AUDIO) $ 0.217302 9.83%
  • kusamaKusama (KSM) $ 25.27 9.36%
  • ravencoinRavencoin (RVN) $ 0.019023 9.63%
  • compound-governance-tokenCompound (COMP) $ 32.40 9.58%
  • terra-luna-2Terra (LUNA) $ 0.776751 17.79%
  • tether-eurtEuro Tether (EURT) $ 1.07 0.04%
  • convex-crvConvex CRV (CVXCRV) $ 0.749415 7.89%
  • bitcoin-goldBitcoin Gold (BTG) $ 12.45 1.54%
  • iconICON (ICX) $ 0.220160 10.61%
  • iotexIoTeX (IOTX) $ 0.022223 7.17%
  • decredDecred (DCR) $ 13.95 9.81%
  • justJUST (JST) $ 0.023327 9.38%
  • olympusOlympus (OHM) $ 10.52 0.74%
  • stepnSTEPN (GMT) $ 0.236192 13.68%
  • balancerBalancer (BAL) $ 4.91 7.47%
  • heliumHelium (HNT) $ 1.39 7.48%
  • yearn-financeyearn.finance (YFI) $ 5,951.49 9.08%
  • ankrAnkr Network (ANKR) $ 0.023622 11.03%
  • golemGolem (GLM) $ 0.192388 7.74%
  • ontologyOntology (ONT) $ 0.203032 10.96%
  • ecomiECOMI (OMI) $ 0.000638 0.76%
  • moonbeamMoonbeam (GLMR) $ 0.265151 7.05%
  • 0x0x Protocol (ZRX) $ 0.203346 9.06%
  • alchemix-usdAlchemix USD (ALUSD) $ 0.995367 0.11%
  • dao-makerDAO Maker (DAO) $ 1.00 8.09%
  • waxWAX (WAXP) $ 0.049544 9.11%
  • iostokenIOST (IOST) $ 0.008593 7.94%
  • compound-usdtcUSDT (CUSDT) $ 0.019980 0%
  • wavesWaves (WAVES) $ 1.60 8.94%
  • harmonyHarmony (ONE) $ 0.012777 12.29%
  • siacoinSiacoin (SC) $ 0.002986 7.08%
  • kadenaKadena (KDA) $ 0.641069 14.15%
  • sushiSushi (SUSHI) $ 0.760904 11.87%
  • zelcashFlux (FLUX) $ 0.481796 11.74%
  • amp-tokenAmp (AMP) $ 0.002342 9.21%
  • synapse-2Synapse (SYN) $ 0.673414 5.98%
  • livepeerLivepeer (LPT) $ 4.53 12.64%
  • umaUMA (UMA) $ 1.78 10.78%
  • terrausdTerraClassicUSD (USTC) $ 0.012728 16.54%
  • hiveHive (HIVE) $ 0.323589 7.48%
  • reserve-rights-tokenReserve Rights (RSR) $ 0.002355 15.86%
  • safemoon-2SafeMoon (SFM) $ 0.000211 1.55%
  • msolMarinade staked SOL (MSOL) $ 22.05 10.31%
  • nucypherNuCypher (NU) $ 0.078278 6.03%
  • zencashHorizen (ZEN) $ 7.18 11.86%
  • omisegoOMG Network (OMG) $ 0.674353 15.33%
  • ergoErgo (ERG) $ 1.29 4.88%
  • magic-internet-moneyMagic Internet Money (MIM) $ 0.999322 0.21%
  • celsius-degree-tokenCelsius Network (CEL) $ 0.188260 19.31%
  • merit-circleMerit Circle (MC) $ 0.199444 8.81%
  • constellation-labsConstellation (DAG) $ 0.028888 1.22%
  • secretSecret (SCRT) $ 0.342570 12.31%
  • songbirdSongbird (SGB) $ 0.006091 6.83%
  • tensetTenset (10SET) $ 0.388582 5.2%
  • evmosEvmos (EVMOS) $ 0.113951 14.73%
  • ethosVoyager VGX (VGX) $ 0.123432 12.8%
  • chain-2Onyxcoin (XCN) $ 0.001476 15.81%
  • juno-networkJUNO (JUNO) $ 0.354737 7.47%
  • serumSerum (SRM) $ 0.067008 11.08%
  • maiar-dexxExchange (MEX) $ 0.000007 7.77%
  • neutrinoNeutrino Index Token (XTN) $ 0.031131 11.17%