BETAPRO GOLD BULLION -2X DAI

BetaPro Gold Bullion -2X Daily Bear ETF is an exchange-traded fund designed to deliver daily investment results that correspond to two times the inverse of the daily performance of the Solactive Gold Front Month MD Rolling Futures Index ER, before fees and expenses. Denominated in Canadian dollars, it provides leveraged inverse exposure to gold futures, allowing investors to potentially profit from short-term declines in gold prices. This ETF employs leverage, which amplifies both gains and losses, making it suitable for sophisticated traders pursuing daily or short-term strategies rather than long-term holdings, as returns over periods longer than one day may differ significantly due to compounding effects. It hedges U.S. dollar gains or losses back to Canadian dollars and invests primarily in cash held for collateral and related instruments to achieve its objective. Launched in 2008 and managed as an alternative mutual fund, BetaPro Gold Bullion -2X Daily Bear ETF plays a specialized role in the commodities market, enabling bearish positions on gold or hedging against rising prices within high-risk trading portfolios.