World's first short Bitcoin ETF sees exposure explode 300% in days
— Downside, Usd plumbed multi, Negative, Regulators rejected grayscale, Necessarily reflect, Short btc products, July, Several points becoming, Gbtctesting times, Confirm — 1 min read
Short Bitcoin Strategy ETF (BITI) is the first exchange-traded fund (ETF) to be "short" Bitcoin. Short exposure jumped 300% in days in July, data from research firm Arcane Research shows. Shorting Bitcoin is the name of the game, but expectations among analysts remain skewed to the downside. The Grayscale Bitcoin Trust (GBTC) continues to be a stalwart institutional Bitcoin investment vehicle, despite regulatory scrutiny and declining asset prices, according to research firm Coinglass. The so-called GBTC premium, the difference between Bitcoin spot price and shares of shares of GBTC, has been negative for over a year, at several points becoming a more than 30% discount, at some points becoming more than Source