ProShares To Release ETF That Allows Investors To Short Bitcoin
ProShares will release a new ETF allowing investors to short bitcoin during harsh market conditions enabling institutions to legally bet against the asset.Proshares ETFs will release a new product which will allow investors to short bitcoin.Proshares previously released the Proshares Bitcoin Strategy ETF that trades futures contracts as well.Bitcoin reached its all time high days after its original ETF was released as this short ETF releases amid harsh market conditions.Proshares, a provider of exchange-traded-funds (ETFs), is set to release the Short Bitcoin Strategy ETF (NYSE: BITI) on....
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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 […]
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....
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 […]
The ETF will allow U.S. investors to bet against BTC using futures contracts given the cryptocurrency’s performance in a single day, as measured by the CME Bitcoin Futures Index. The firm behind one of the first Bitcoin futures-linked exchange-traded funds in the United States will give investors a new vehicle to bet against the price of the cryptocurrency.In a Monday announcement, exchange-traded fund issuer ProShares said its Short Bitcoin Strategy ETF would be available for trading on the New York Stock Exchange, or NYSE, starting Tuesday under the ticker BITI. The vehicle will allow....
Data shows the ProShares Bitcoin ETF has reached a milestone number of assets under management (AUM), and has breathed fresh life into CME in the process. ProShares Bitcoin ETF AUM Sets New All-Time High Of 26.7k BTC As per the latest weekly report from Arcane Research, the ProShares BITO ETF has set a new all-time […]