Defiance Files Three Single-Country AI ETFs Targeting Europe, Japan, and Taiwan

Defiance has filed for three passive ETFs that would track BITA indexes of AI-focused companies in Europe, Japan, and Taiwan. Each fund will hold up to 20 equally weighted stocks selected for significant revenue or strategic involvement across the AI value chain, including hardware, software, applications, and supporting infrastructure. The ETFs may use derivatives to replicate index exposure, can invest up to 15% of assets in private securities, and are structured as nondiversified funds, allowing greater concentration in a smaller number of holdings.