ProShares Short Bitcoin ETF (BITI)
Funds & ETFs
BITI is an inverse Bitcoin ETF from ProShares that seeks daily investment results corresponding to the inverse (-1x) daily performance of the S&P CME Bitcoin Futures Index, allowing investors to profit from or hedge against Bitcoin price declines without short-selling directly. The fund uses derivatives including swap agreements and Bitcoin futures, and is designed for sophisticated investors seeking short-term hedging. It was the first US short Bitcoin ETF, launched in June 2022.
Details
- Type
- Inverse Bitcoin ETF
- Issuer
- ProShares
- Ticker
- BITI
- Exchange
- NYSE Arca
- Leverage
- -1x daily
- Strategy
- Inverse daily Bitcoin futures performance
- Fund Type
- inverse_etf
- Derivatives
- Yes
- Expense Ratio
- 0.95%
- Inception Date
- 2022-06-21
Links
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