NEW YORK–( BUSINESS WIRE )–8. September 2022–
Today, Defiance, a leading thematic ETF provider, announces the launch of The Defiance Daily Short Digitalizing the Economy ETF (IBIT)
This press release contains multimedia. See the full release here:
The Defiance Daily Short Digitalizing the Economy ETF (Graphic: Business Wire)
IBIT enters into short positions in the Amplify Transformational Data ETF (BLOK), a leading actively managed ETF that offers exposure to companies in the crypto and blockchain ecosystem.
“We remain very bullish on the growth of crypto and the digital asset ecosystem over the next few years. However, given the recent onset of the crypto winter – the flood of layoffs and revenue losses – we believe shorting positions such as Coinbase, Galaxy and Robinhood, along with the involved in the metaverse, such as Meta and Roblox, will provide downside protection in the current environment,” said Sylvia Jablonski, CEO and CIO of Defiance ETFs.
About Defiance ETFs
Defiance’s dynamic suite of thematic ETFs allows retail and institutional investors to express a targeted view of dynamic sectors leading the way in disruptive innovation.
Important information:
The fund’s investment objectives, risks, fees and expenses must be carefully considered before investing. The prospectus contains this and other important information about the investment company. Please read it carefully before investing. A hard copy of the prospectus may be requested by calling 833.333.938 or by visiting www.defianceetfs.com/ibit
For more information and to obtain a prospectus for the Amplify ETF, BLOK, please visithttps://amplifyetfs.com/blok.BLOK is distributed by Foreside Fund Services, LLC
Investment involves risk. An investor can lose the entire principal value of his investment in a single day. As an ETF, the fund can trade at a premium or discount to NAV. ETF shares are bought and sold at market price (not NAV) and are not redeemed individually from the fund. Brokerage commissions will reduce the return.
The Fund is non-diversified and may invest more of its assets in the securities of a single issuer or a smaller number of issuers, which makes it more exposed to associated risks. The fund is a newly organized investment company with no operating history or track record for investors to consider. There is no guarantee that the fund will achieve its investment objective.
The fund’s investments in derivatives, including swaps, may pose risks in addition to, and greater than, those associated with direct investment in securities. Derivative contracts usually have leverage inherent in their terms. Consequently, a relatively small price movement can result in an immediate and significant loss for the fund. The use of leveraged derivatives can increase the fund’s potential for gain or loss and therefore increase the effect of market volatility on the fund’s share price.
The Fund is designed as a short-term trading vehicle and is intended for use by investors who intend to actively monitor and manage their portfolios. The fund is designed to be used only by sophisticated investors, such as traders and active investors using dynamic strategies. Investors should (a) understand the consequences of seeking daily inverse investment results; and (b) understand the risk of short circuiting. Investors who do not understand the Fund or who do not intend to actively manage their Funds and monitor their investments should not purchase the Fund. This fund is not suitable for all investors.
The fund short Amplify ETF invests in companies that are actively engaged in blockchain and crypto technology. Companies that rely heavily on technology are particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation, competition and cyber security incidents. Neither Amplify ETF nor IBIT invests directly in bitcoin or cryptocurrency.
Definitions:
Blockchain is a system for recording information in a way that makes it difficult to change the system. A blockchain is a digital ledger of transactions that records the origin of a digital asset.
Cryptocurrency is a form of currency that uses digital files as money. They refer to database entries that cannot be changed unless specific conditions are met. Cryptocurrencies are generally secure as they use technology (cryptograph) designed to prevent someone from creating fake money or spending more money than is in their account. Cryptocurrencies are currently not publicly issued, so they are not backed by any government.
Crypto miners securely process, validate and transfer cryptocurrencies. Miners are paid to use the mining hardware to validate transactions on Proof-of-Work networks. The crypto mining industry is a necessary and core component of the cryptocurrency ecosystem. Anyone who chooses to engage in crypto mining, whether an individual or a company, will run various computers and machines to solve a variety of mathematical problems. As a result of solving these problems, the network is secured and transactions are recorded and stored on the “block chain”, which is essentially a database maintained across many computers.
THE FUND, ETF SERIES SOLUTIONS, DEFIANCE ETFS, LLC AND VIDENT INVESTMENT ADVISORY, LLC ARE NOT AFFILIATED WITH AMPLIFY ETF, AMPLIFY ETF TRUST, AMPLIFY INVESTMENTS LLC, OR TOROSO INVESTMENTS, LLC.
The Defiance ETFs are distributed by Foreside Fund Services, LLC
See the source version at businesswire.com:
CONTACT: Media Inquiries: Julia Stoll, MacMillan Communications
(212) [email protected]
KEYWORDS: NEW YORK USA NORTH AMERICA
INDUSTRY KEYWORDS: FINANCE CRYPTOCURRENCY BLOCKCHAIN PROFESSIONAL SERVICES TECHNOLOGY
SOURCE: Defiance ETFs
Copyright Business Wire 2022.
PUB: 09/08/2022 07:48 AM/DISC: 09/08/2022 07:48 AM
