ProShares Short Bitcoin Strategy ETF

BITI tracks the inverse daily price movements of an index of front-month CME bitcoin futures. It aims to profit from the price decline of bitcoin.

BITI tracks the inverse (-1x) daily price movements of its underlying index. The fund aims to profit from the price decline of Bitcoin.

A product that allows investors to make money when the price of bitcoin falls has been launched in the US. Proshares claims the Short Bitcoin-Linked ETF or BITI for short, is a US first and 'offers investors the opportunity to profit when the daily price of bitcoin declines, with the convenience, cost-efficiency, and liquidity of an ETF'.

US firm launches Bitcoin shorting ETF after long-only product tanks

Eight months after establishing the first U.S. bitcoin futures ETF, ProShares plans to launch the first short bitcoin-linked ETF on Tuesday in the U.S.

ProShares is launching a short bitcoin ETF this week

The world's largest cryptocurrency has tanked 56% this year and experts fear the selling and volatility may continue. That's why one ETF firm is rolling out some options.

ProShares ETF targets Bitcoin selloff

BETHESDA, Md.--(BUSINESS WIRE)--ProShares plans to launch BITI, The ProShares Short Bitcoin Strategy ETF, the first short bitcoin-linked ETF in the U.S.

News for ProShares Short Bitcoin Strategy ETF ETF (BITI)