Carlo
Sun Jul 07 2024
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7 answers
1762
What is ProShares Ultrashort bitcoin ETF (SBIT)?
Could you elaborate on what the ProShares Ultrashort Bitcoin ETF (SBIT) actually is? I've heard it mentioned in relation to cryptocurrency investing but I'm still not quite clear on its specific purpose and functionality. Is it a tool that investors can utilize to hedge against potential losses in the Bitcoin market? Or is it something more along the lines of a speculative instrument to potentially gain exposure to negative returns in the Bitcoin market? I'm curious to know how it works and how it differs from other investment vehicles in the cryptocurrency space.
