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BITI

20.51000 USD
0.39
1.87%
Last update May 9, 3:59 PM EDT
Market closed
Day range
20.38100
20.69000
Previous close
20.90000
Open
20.57000
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ProShares Short Bitcoin ETF
20.51
0.39
1.87%

Overview

Description

The ProShares Short Bitcoin ETF is an exchange-traded fund designed to provide investors with a convenient way to benefit from a decline in the price of Bitcoin. As a short or inverse ETF, its primary function is to produce returns that inverse the price movements of Bitcoin. This means that when the price of Bitcoin decreases, the ETF aims to deliver a positive return, and vice versa. This ETF uses derivatives and other financial instruments to achieve its investment objective, offering a strategic tool for those looking to hedge long Bitcoin positions or capitalize on anticipated drops in Bitcoin's market value. Being one of the few products in the traditional financial markets focused on inverse Bitcoin exposure, the ProShares Short Bitcoin ETF holds significance for investors seeking to offset risks associated with Bitcoin's often volatile price swings. It provides a regulated, liquid, and accessible avenue within the framework of conventional equity markets, bridging cryptocurrency investments with traditional financial strategies.

About

Address
Phone
Website
Instrument type
ETF
Country
United States
MIC code
ARCX
Market closed

Exchange is currently closed
Pre-market opens in 2 days 4 hours 27 minutes

23:32
00:00
09:30
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).