ProShares Short Bitcoin Strategy ETF

BITI tracks the inverse daily price movements of an index of front-month CME bitcoin futures. It aims to profit from the price decline of bitcoin.

BITI tracks the inverse (-1x) daily price movements of its underlying index. The fund aims to profit from the price decline of Bitcoin.

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Year-to-date, bitcoin prices are up 72.7%, and crypto ETFs like the Valkyrie Bitcoin Miners ETF (WGMI) are also impressively up 128.9%. WMGI is currently the highest performing equity ETF YTD, while the remaining top 10 ETFs are all also crypto-related ETFs.

The State of Crypto ETFs in 2023

This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. We've also included XRP, as it was one of the largest cryptocurrencies when this article began.

Cryptocurrencies: Bitcoin Up Slightly From Last Week

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As fears of a looming recession in the United States persist, investors may be gainful if they turn to defensive stocks and value investing.

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Cryptocurrencies: Bitcoin Back Down to $28K

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Exchange-traded funds from issuer Direxion currently dominate the Fintel Fund Sentiment Leaderboard as hedge fund managers and institutions see equities markets in unchartered waters amid banking industry uncertainty and central bank efforts to cool inflation.

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In the wake of the newest financial crisis, cryptocurrencies ripped higher. That was all thanks to key two catalysts.

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Last year, bitcoin moved in tandem with the stock market as well as the bond market as inflation applied downward pressure to most assets. In the recent rally, bitcoin is doing the same, tailing indexes like the Nasdaq 100 as it moves higher amid the anticipation of fewer rate hikes.

Bitcoin Continues Correlation With Nasdaq 100 Thus Far in 2023

BITI is a relatively new ETF that aims to do one thing: profit from a decline in the price of Bitcoin. One thing investors can agree on about Bitcoin: it is very volatile. I've  invested in single-inverse ETFs since they have existed. Its nice to have one for this purpose.

BITI: A Way To Short Bitcoin Without Leverage; Buy Rating In Small Size

Bullish cryptocurrency investors have to be impressed with the January they just had. That said, the overall crypto market is taking a breather to start February, leaving questions to be asked.

Crypto Takes a Breather to Start February — What's Next?

The first “short Bitcoin” fund, ProShares' Short Bitcoin Strategy ETF, is down by more than 1% since its launch despite BTC declining 21% from $20,700 to $17,200 during the same time period.

Why This ‘Short Bitcoin' ETF Is Down 1.13% Despite BTC Dropping 21%

Bull vs. Bear is a weekly feature where the VettaFi writers' room takes opposite sides for a debate on controversial stocks, strategies, or market ideas — with plenty of discussion of ETF ideas to play either angle. For this edition of Bull vs.

Bull vs. Bear: Betting on the Blockchain

Investors interested in crypto may understand that they may need to wait a while for the crypto winter to thaw, but it's fair to say that the FTX drama and bankruptcy has rattled the industry.

Put Your Crypto in Cold Storage With BITO and BITI

The news that crypto platform FTX collapsed this week, failing to find a buyer to provide crucial liquidity, has rocked the digital assets landscape. With FTX CEO Sam Bankman-Fried resigning and FTX filing for bankruptcy, now may be the time for investors to short Bitcoin via the ProShares Short Bitcoin Strategy ETF (BITI).

With Crypto in Chaos, Short Bitcoin in BITI

Coinbase

Ebang International Holdings

Grayscale Bitcoin Trust

Marathon Digital Holdings

Riot Blockchain

Crypto company shares and funds closed sharply lower on Tuesday as bitcoin dropped briefly to a two-year low, even though the three major U.S. equity indexes ended higher.

Crypto stocks and funds close sharply lower, as bitcoin plunges briefly to a 2-year low

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A new breed of ETF debuted on the U.S. markets earlier this month when AXS Investments launched eight funds offering daily leveraged bull and bear bets on the direction of single companies.

Single-Stock Leveraged ETFs are Here, What Does it Mean for Crypto & Other Investors?

A short bitcoin exchange traded fund has quickly become a popular way for bearish crypto traders to bet against the digital currency. The ProShares Short Bitcoin Strategy ETF (BITI), which provides a way for investors to potentially profit from a decline in the price of bitcoin or hedge their cryptocurrency exposure, experienced some $51 million.

A Short Bitcoin ETF Is Becoming a Popular Way To Bet Against Cryptocurrencies

After several delays, the Securities and Exchange Commission has finally made a ruling on the conversion of Grayscale's Bitcoin Trust that was initially filed in October of 2021, denying the conversion to a spot bitcoin ETF. The SEC has denied the application, like all spot bitcoin ETF applications before it, on the grounds that NYSE [.

Grayscale Sues the SEC: GBTC Conversion Denial “Arbitrary and Capricious”

The worldwide cryptocurrency market capitalization is at $912.7 billion Thursday, up from $893.8 billion on Wednesday morning. An ETF For Shorting Bitcoin: Bearish on Bitcoin?

Coffee And Crypto: The First Short Bitcoin ETF Has Arrived

Today, investor's interest in Bitcoin price predictions has surged, as they price in what a new inverse ETF could mean for this top token. The post Bitcoin Price Predictions: What's Next for BTC as the BITI ETF Takes Off?

Bitcoin Price Predictions: What's Next for BTC as the BITI ETF Takes Off?

The ProShares Short Bitcoin Strategy ETF, or BITI, has gotten off to a strong start as investors bet against the biggest cryptocurrency. The post BITI ETF Gains as Investors Look to Short Bitcoin Amid Crypto Crash appeared first on InvestorPlace.

BITI ETF Gains as Investors Look to Short Bitcoin Amid Crypto Crash

Last October, ProShares introduced the first ETF for Bitcoin just as the cryptocurrency was hitting all-time highs. Now, it is introducing the first short Bitcoin-linked ETF.

BITI: It Is Too Late To Short Bitcoin

U.S. investors now have a new way to bet against bitcoin in the wake of this year's crypto market volatility.

Betting against bitcoin? You can now do it via an ETF in the U.S.

Investors wondering how to short Bitcoin (BTC) are gaining a new option with the ProShares Short Bitcoin Strategy ETF (BITI). The post BITI ETF: 10 Things to Know About the New ProShares Short Bitcoin ETF appeared first on InvestorPlace.

BITI ETF: 10 Things to Know About the New ProShares Short Bitcoin ETF

A product that allows investors to make money when the price of bitcoin falls has been launched in the US. Proshares claims the Short Bitcoin-Linked ETF or BITI for short, is a US first and 'offers investors the opportunity to profit when the daily price of bitcoin declines, with the convenience, cost-efficiency, and liquidity of an ETF'.

US firm launches Bitcoin shorting ETF after long-only product tanks

Eight months after establishing the first U.S. bitcoin futures ETF, ProShares plans to launch the first short bitcoin-linked ETF on Tuesday in the U.S.

News for ProShares Short Bitcoin Strategy ETF ETF (BITI)