Defiance Launches $IBIT

First Short Blockchain ETF - to Hedge Crypto Industry

Today, Defiance, a leading thematic ETF provider, is announcing the launch of The Defiance Daily Short Digitizing the Economy ETF (IBIT)

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220908005592/en/

The Defiance Daily Short Digitizing the Economy ETF (Graphic: Business Wire)

IBIT enters short positions of the Amplify Transformational Data ETF (BLOK), a leading actively managed ETF that offers exposure to companies in the crypto and blockchain ecosystem.

“We remain highly 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 those involved in the metaverse, like 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 on dynamic sectors that are leading the way in disruptive innovations.

Important Information:

The Fund’s investment objectives, risks, charges, and expenses must be considered carefully 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 can 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 visit https://amplifyetfs.com/blok. BLOK is distributed by Foreside Fund Services, LLC

Investing involves risk. An investor could lose the full principal value of their investment within a single day. As an ETF, the fund may trade at a premium or discount to NAV. ETF Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

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 making it more subject to associated risk. The Fund is a recently organized investment company with no operating history or track record for investors to evaluate. There is no assurance that the Fund will achieve its investment objective.