ProShares launched an ETF to bet against Bitcoin, available for trading on the New York Stock Exchange from Tuesday under the ticker BITI.
) using futures contracts, given the cryptocurrency’s performance in a single day as measured by the Chicago Mercantile Exchange Bitcoin Futures Index.
“BITI affords investors who believe that the price of Bitcoin will drop with an opportunity to potentially profit or to hedge their cryptocurrency holdings,” said ProShares CEO Michael Sapir. “BITI enables investors to conveniently obtain short exposure to Bitcoin through buying an ETF in a traditional brokerage account.”
The launch of the investment vehicle will come amid a bear market for major cryptocurrencies including Bitcoin and Ether (
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
ProShares is launching a short bitcoin ETF this weekEight 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.
Weiterlesen »
ProShares launches first US ETF to bet on bitcoin's declineProShares is set to launch the first short bitcoin-linked exchange traded fund in the US on Tuesday.
Weiterlesen »
First Short Bitcoin ETF to List on NYSEThe exchange-traded fund will allow investors to hedge their bitcoin exposure, which may prove particularly pertinent given the sharp downturn in crypto markets of late.
Weiterlesen »
BTC/USD Forex Signal: BTC Crash Sees No End as it FallsThe BTC/USD pair crash continued during the weekend as sentiment in the cryptocurrency industry waned.
Weiterlesen »
BTC price recovers to 3-day highs as new whale support forms at $19.2KBitcoin starts out cool this week, hitting three-day highs as BTC price action focuses on $21,000.
Weiterlesen »
YouTube says more than 1.5 billion people are watching Shorts each monthYouTube launched Shorts in 2020 to compete with TikTok.
Weiterlesen »