ProShares is launching a short bitcoin ETF this week
— Week, Investors, Biti, Strategy, Futures, Stock, Launching, Short, Proshares, Etf, Profit, Bitcoin — 1 min read
The ProShares Short Bitcoin Strategy will be the first short bitcoin-linked ETF in the U.S. It will trade on the New York Stock Exchange under the ticker BITI. BITI is designed to give investors a way to profit from declines in the price of the cryptocurrency. Bitcoin fell to new a new low over the weekend of $17,601.58, after six months of declines amid the broader sell-off in risk assets. It will have an expense ratio of 0.95% and will be first short Bitcoin-linked exchange-trading in the United States. Source