Short Bitcoin ETF: Is BITI a Good Hedge Against Crypto Winter?

ProShares Short Bitcoin Strategy ETF, BITI, trades in futures contracts on the CME. The difference is only between their short and long positions. BITI allows investors to profit from the falling price of the cryptocurrency. The fund tracks the nearest maturing monthly bitcoin futures contract trading on CME and is a rolling index, meaning that the index operates in accordance with a set of predetermined rolling methodology. The index rolls monthly and distributes the weights 20% each day over a five-day roll period. As ETFs are bought and sold on an exchange, bitcoin ETFs can be purchased via online brokers and most trading platforms. For those investors who prefer to put their money in a mutual fund, which trades only once a day, ProShares’ affiliate mutual fund Source