There’s a New Way to Bet Bitcoin Will Fall. Be Careful.
— Ticker, Futures, Bitcoin, Track, Strategy, Shortbitcoin, Careful, Fall, Tool — 1 min read
ProShares said it will launch on Tuesday a short-Bitcoin futures exchange-traded fund, called Short Bitcoin Strategy. The fund seeks to track the inverse performance of the S&P CME Bitcoin Futures Index and will have an expense ratio of 0.95%. The ETF will have the ticker BITI and the expense ratio will be 0.99% of the price of the exchange-rate Bitcoin futures index. The short Bitcoin Strategy will have a ticker of 'BITI', which will be the first short Bitcoin futures exchange traded fund to open in the U.S. It will be available on Tuesday at 10 a.m. ET on Tuesday. For confidential support call the Samaritans on 08457 90 90 90, visit a local Samaritans branch or click here. Source