World's first short Bitcoin ETF sees exposure explode 300% in days
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"....
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Bitcoin’s short exposure has been gaining favor from both retail and institutional investors over the last couple of months. For most, this position in the digital asset has paid off, given its continued decline over this time. Even then, investors have not eased up in their exposure to this investment vehicle. The total assets under management for short bitcoin ETF are on the rise, sparking speculations of a potential short squeeze. Investors Increase Exposure When the ProShares Short Bitcoin ETF first debuted earlier in 2022, it came out with a lot of support from investors. These....
Bitcoin’s price action has been weak over recent weeks as uncertainty has spread about all markets. From the local highs, the cryptocurrency is down nearly 20%. Institutional traders on the CME have increased their short exposure to Bitcoin futures over recent weeks. The metric is not down a lot but it shows that there are some investors hesitant about what’s to come. Retail investors using the CME have also increased their short exposure to Bitcoin […]
Ethereum has undergone a strong drop since peaking at $400 this past weekend. The leading cryptocurrency currently trades for $380, down after Bitcoin dropped from its daily highs. Analysts still think that ETH will move higher, though, citing technical trends. Ethereum Could Explode Past $400, Analysts Say Analysts remain confident about Ethereum despite recent uncertainty in the price of Bitcoin. One trader said, referencing how ETH is still holding above range supports: “I don’t short […]
Facebook is trying to tap into the realm of online publishing with its revamped version of its Notes feature, which might pave the way for more bitcoin exposure through short articles. Entries written through the social media platform's Notes section are larger in size, include a large featured image and are presented with a clear headline. Aside from that, Facebook is also exploring options to allow for longer-form content on their platform, with the current wall only showing a short part of the longer posts right now. Bitcoin Exposure on Facebook. Since Facebook is seen as a discovery....
Dydx, a decentralized exchange, has seen its trading volumes explode in the last few days, surpassing other recognized decentralized exchanges like Uniswap and Pancakeswap. Some analysts have suggested this might be the result of the latest Chinese cryptocurrency ban causing China-based users to move their trading activities to these platforms.
Dydx Bursts With Activity
Dydx, a decentralized exchange that, unlike other similar platforms, offers an order book, has been bustling with activity during the last few days. The activity in the decentralized exchange has grown enormously,....