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.

The world's largest cryptocurrency has tanked 56% this year and experts fear the selling and volatility may continue. That's why one ETF firm is rolling out some options.

ProShares ETF targets Bitcoin selloff

BETHESDA, Md.--(BUSINESS WIRE)--ProShares plans to launch BITI, The ProShares Short Bitcoin Strategy ETF, the first short bitcoin-linked ETF in the U.S.

News for ProShares Short Bitcoin Strategy ETF ETF (BITI)