[Defiance Applies to Launch China Robotics ETF] U.S. asset management company Defiance has filed documents with regulators to propose the launch of an exchange-traded fund (ETF) tracking companies related to China's robotics sector, focusing on China's robotics and automation industry. Bloomberg analyst Eric Balchunas mentioned that back in 2013, the China Internet ETF KWEB, filed by KraneShares, was questioned for being too niche, but it has now grown into the largest China-themed ETF.