The fund will use an options overlay strategy on Bitmine Immersion Technologies (BMNR), a digital asset technology company.
Defiance ETFs, an American provider of thematic exchange-traded funds (ETFs), has launched the Defiance BMNR Option Income ETF (YBMN). The development follows Defiance’s recent launch of single stock leveraged ETFs The ETF is being offered in partnership with Milliman Financial Risk Management (Milliman), a Securities and Exchange Commission (SEC)–registered investment adviser. Milliman will also act as sub-adviser for implementing the fund’s options strategy. Further, the