The US$8 billion fund manager is taking autocallable ETFs beyond traditional equities with scheduled launches linked to Bitcoin and precious metals.
Defiance Investments (Defiance) has planned to launch four autocallable exchange-traded funds (ETFs) linked to the Nasdaq 100, Bitcoin, gold and silver respectively by 8 June, according to its filing to the US Securities and Exchange Commission (SEC) on 25 March. Tidal Investments LLC, a long-standing partner of the Miami, FL-based asset manager, will act as adviser for the proposed offerings. This marks the first time Bitcoin and commodity underlying assets are incorporated into the burgeonin