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BITI

TSX
17.89000 CAD
0.09
0.51%
Last update May 30, 3:59 PM EDT
Market closed
Day range
17.71000
18.049999
Previous close
17.80000
Open
17.80000
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BetaPro Inverse Bitcoin ETF
17.89
0.09
0.51%

Overview

Description

The BetaPro Inverse Bitcoin ETF is a financial instrument designed to deliver the opposite daily performance of Bitcoin, the prominent cryptocurrency. Its primary function is to provide investors with a means to profit from a decline in Bitcoin's value or to hedge existing cryptocurrency holdings against potential losses. Unlike directly trading cryptocurrencies, this ETF offers a more conventional method of participating in the crypto market's volatility through traditional investment accounts. Noteworthy for its inverse exposure, this ETF impacts sectors with significant Bitcoin activities, including fintech, blockchain technology, and digital payment systems. While individual investors seek it for potential hedging strategies, institutional investors may use it to balance portfolio risks associated with digital assets. In the financial market, the BetaPro Inverse Bitcoin ETF plays a pivotal role by facilitating speculative strategies and risk management for investors wary of Bitcoin's notorious price fluctuations. It underscores the increasing maturation of crypto-related assets within the broader financial ecosystem, providing both diversification and protection opportunities linked to Bitcoin's dynamic price movements.

About

Address
Phone
416 933 5745
Website
Instrument type
ETF
Country
Canada
MIC code
XTSE
Market closed

Exchange is currently closed
Pre-market opens in 2 days 12 hours 45 minutes

19:14
00:00
09:30
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
08:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 17:00
All times are displayed in the America/Toronto timezone (EDT, UTC-04:00).