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 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.

How do I buy Biti?

BITI can be bought through a traditional brokerage account - mitigating the costs and fees typically required to obtain short bitcoin-linked exposure. Brought to you by the first and largest U.S provider of bitcoin-linked ETFs. 1 You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Is it a good time to short Biti?

The launch of BITI comes as BTC trends down 70% from its all-time high. Bitcoin hit an all-time high back in November, reaching nearly $69,000. A single Bitcoin is worth about $21,400 as of this writing. While BTC is up 3.7% over the past 24 hours as of Tuesday morning, the falling trend may mean now is the right time to short the crypto.