Who would want to bet against Bitcoin? Someone out there probably does, and this newly proposed ETF will let them do just that.
currently trades on the Toronto Stock Exchange under the ticker BITI: the BetaPro Inverse Bitcoin ETF.According to the SEC, the ProShares filing is a preliminary prospectus that is subject to completion.
The application suggests a public offering 75 days after filing — June 19 — but the SEC has frequently delayed crypto ETF applications or opened them up for public comment, an action that also pushes back the deadline for the regulatory body to approve or disapprove listing shares.
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