BITI

ProShares Short Bitcoin ETF

$21.89

+0.00%

Market closed. Last update: 11:36 PM ET

📎 Investment Objective

The ProShares Short Bitcoin ETF (BITI) seeks to provide investment results that correspond to the inverse (-1x) of the daily performance of bitcoin.

Overview

ETF tracking ProShares Short Bitcoin ETF

Category Inverse

Issuer ProShares

Inception Date 2022-06-21

Market Cap N/A

Average Volume N/A

Dividend Yield 1.41%

52-Week Range $16.70 - $27.94

VWAP $21.56

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ProShares Short Bitcoin ETF (BITI) seeks to provide investment results that correspond to the inverse (-1x) of the daily performance of bitcoin.

🎯 Investment Strategy

BITI is an inverse ETF that aims to track the inverse of the daily performance of bitcoin. It does this by taking short positions in bitcoin futures contracts. The fund does not invest directly in bitcoin.

✨ Key Features

Inverse exposure to the daily price movements of bitcoin
Utilizes bitcoin futures contracts to achieve its inverse exposure
Designed for investors seeking to hedge or profit from declines in the bitcoin market
Actively managed, with the ability to adjust its exposure as market conditions change

⚠️ Primary Risks

Inverse performance risk - BITI's returns will be the opposite of bitcoin's daily performance, which may not align with longer-term bitcoin price movements
Futures contract risk - The fund's use of futures contracts exposes it to the risks associated with the futures market, including potential liquidity issues and counterparty risk
Volatility risk - The bitcoin market is highly volatile, which can lead to significant swings in the value of BITI
Regulatory risk - Changes in regulations governing cryptocurrencies and bitcoin futures could adversely impact the fund's performance

👤 Best For

BITI may be suitable for investors who are looking to hedge their exposure to bitcoin or profit from declines in the cryptocurrency market. However, the fund's inverse nature and use of futures contracts make it a complex and high-risk investment, so it is generally not recommended for inexperienced or risk-averse investors.