19.84000 CAD
0.25
1.28%
Last update Dec 12, 3:04 PM EST
Market closed
Day range
19.84000
19.90000
Previous close
19.59000
Open
19.90000
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Betapro Inverse Bitcoin ETF
19.84
0.25
1.28%

Overview

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Description

Betapro Inverse Bitcoin ETF is an exchange-traded fund designed to offer investors exposure to the inverse performance of Bitcoin, which means it aims to provide returns that correlate negatively with Bitcoin's daily returns. This asset allows investors to take a position that benefits when the price of Bitcoin decreases without having to directly short sell Bitcoin itself. It plays a critical role in risk management and portfolio diversification, particularly for those seeking to hedge against downside risk associated with Bitcoin's inherent volatility. In contrast to traditional Bitcoin-focused financial products, the Betapro Inverse Bitcoin ETF is intended for bearish sentiments in the cryptocurrency market, offering a unique tool for speculative trading and short-term hedging strategies. Its purpose and functionality make it significant for those looking to capitalize on or protect against adverse movements in Bitcoin prices.

About

Address
Phone
416 933 5745
Website
Instrument type
ETF
Country
Canada
MIC code
NEOE
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