The US$8bn fund manager aims to break new ground, taking autocallable ETFs beyond traditional equities with launches linked to Bitcoin and precious metals.
Defiance Investments (Defiance) is planning to launch four autocallable exchange-traded funds (ETFs) linked to the Nasdaq 100, Bitcoin, gold and silver by 8 June, according to a filing to the US Securities and Exchange Commission (SEC) on 25 March. Tidal Investments LLC, a long-standing partner of the asset manager, will act as the adviser for the proposed offerings. This marks the first time Bitcoin and commodity underlying assets are incorporated into the burgeoning autocallable ETF segment