ProShares Short Bitcoin ETF

ProShares Short Bitcoin ETF is an exchange-traded fund designed to deliver the **inverse** of Bitcoin’s daily performance. Its primary objective is to provide **-1x daily exposure** to the price movement of Bitcoin, allowing market participants to access short daily Bitcoin performance through a regulated, exchange-traded structure. Instead of holding Bitcoin directly, ProShares Short Bitcoin ETF uses **Bitcoin futures contracts and swap agreements** referencing the Bloomberg Bitcoin Index to achieve its target. This design places the fund within the broader category of leveraged and inverse exchange-traded products linked to digital assets. ProShares Short Bitcoin ETF is used by investors who seek a daily inverse reference to Bitcoin’s price dynamics for purposes such as tactical positioning, hedging existing crypto-related exposures, or managing risk relative to Bitcoin-linked instruments, all within the operational, custody, and transparency framework of a traditional ETF.