The First Bitcoin (BTC) ETF in the US with a Short Link from ProShares

Leading investment products provider ProShares is launching the first short-linked Bitcoin (BTC) exchange-traded fund (ETF) in the US as an option for investors.

ProShares, 20 June in his press release on The reverse of Bitcoin performance will follow The ProShares Short Bitcoin Strategy ETFof (BITI) 21 June on New York Stock Exchangeannounced that it will begin trading on the NYSE.

BITgiven the recent decline in the overall crypto market, investors may To protect Bitcoin risks and Potentially profit from the drop in Bitcoin price will allow.

CEO of ProShares Michael L. Sapir He made the following statements on the subject:

As we’ve seen recently, Bitcoin could lose value. BITI gives investors who believe the price of Bitcoin will fall, the opportunity to potentially profit or protect their cryptocurrency holdings. BITI provides investors with short exposure to Bitcoin by purchasing an ETF in a traditional brokerage account.

ProShares, BITto list April applied for in.

December 2020for the first time since $20,000 falling below the level Bitcoin (BTC)According to CoinGecko data, at the time of writing the news 5.5% with an increase $21,095traded from.

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