ProShares files with SEC for Short Bitcoin Strategy ETF
The exchange-traded fund will be based on daily investment results corresponding to the inverse of the return of the CME Bitcoin Futures Contracts Index for a day. Exchange-traded funds (ETFs) issuer ProShares has filed a registration statement with the United States Securities and Exchange Commission to list shares of a Short Bitcoin Strategy ETF.In a Tuesday filing, ProShares applied with the SEC for an investment vehicle that would allow users to bet against Bitcoin (BTC) futures using an exchange-traded fund. According to the registration statement, the Short Bitcoin Strategy ETF will....
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A slow first day of trading on the short Bitcoin ETF may have been nothing but a slight hiccup in ProShares’ newest product as volumes grew on the second day. The first short Bitcoin ETF from ProShares got off to a very slow start on its June 21 launch but gathered pace by increasing trading volume 380% on day two.On launch day June 21, the ProShares Bitcoin Short Strategy Exchange-Traded Fund (BITI) traded a lackluster 183,300 shares which ETF analyst at Bloomberg Eric Balchunas noted in a tweet was “less than 1% of the volume $BITO had at this time on Day One.”However the next day’s....
The first bitcoin exchange-traded fund (ETF) launched in the United States and smashed records on Tuesday, capturing close to $1 billion in total volume. Eric Balchunas, the senior ETF analyst for Bloomberg said that the Proshares Bitcoin Strategy ETF (BITO) definitely “defied expectations.”
Proshares Bitcoin ETF Commands Serious Volume
Proshares Bitcoin Strategy exchange-traded fund (BITO) did well on its first day, as it closed the day at 4:00 p.m. (EDT) at $41.94 per unit. Meanwhile, the price of bitcoin (BTC) soared on Tuesday, tapping a high of $64,367 on the....
The ProShares Short Bitcoin ETF had been highly anticipated due to the success of short bitcoin ETFs in the past. A reasonable amount of inflows was expected to flow into the ETF but with less than one week in the game, the ETF had surpassed expectations for it. This growth coincided with a decline of […]
Per a press release, investment giant ProShares will launch a new Bitcoin-linked Exchanged Traded Fund (ETF) in the United States. The firm behind the first BTC ETF in this country, under the ticker BITO, will launch the Short Bitcoin Strategy under the ticker BITI. Related Reading | Cryptocurrencies Fuel Increase In High Net Worth Population, Survey […]
Since launching last month, the ProShares Short Bitcoin Strategy ETF (BITI) has eclipsed others in inflows. Bitcoin (BTC) remains a popular institutional investment target in July, but the money is not betting on a bright future.According to data from research firm Arcane Research published July 6, institutional flows focused on products offering exposure to shorting BTC in the first week of the month.Shorting Bitcoin is the name of the gameSince launching in the United States in late June, the ProShares Short Bitcoin Strategy ETF (BITI), the first exchange-traded fund (ETF) to be "short"....