What does Biti stand for?

The Index measures the performance of the front-month bitcoin futures contract trading on the Chicago Mercantile Exchange. No news for BITI in the past two years. ? View the latest ProShares Short Bitcoin Strategy ETF (BITI) stock price and news, and other vital information for better exchange traded fund investing.

What is Biti ETF & how does it work?

BITI, the first short bitcoin strategy ETF, offers investors the potential to profit on days when bitcoin drops. As we know, bitcoin can drop in value. BITI gives investors who believe the price of bitcoin will drop an opportunity to potentially profit or to hedge their cryptocurrency holdings.

What is Biti & how does it work?

BITI’s entry means that the U.S. Securities and Exchange Commission (SEC) has approved a Bitcoin short ETF before ever approving a Bitcoin spot ETF. Current ETFs basically allow investors to bet on the future of BTC via futures or against it through shorts, but don’t let traders simply invest in it.

What is ProShares short bitcoin strategy ETF (Biti)?

The ProShares Short Bitcoin Strategy ETF ( BITI) is a new option for betting against Bitcoin ( BTC-USD ). The exchange-traded fund makes its market debut today. BITI is launching as BTC and other cryptos experience a crash.