After eight months since the launch of their Bitcoin futures ETF, ProShares has announced plans to launch a short Bitcoin ETF later this week. The ProShares Short Bitcoin Strategy (BITI) is looking to give investors a way to benefit from the price of Bitcoin dropping. Bitcoin has been on a downward trend the past six months falling to record lows in 2022 as low as $17,500 a Bitcoin.
ETF Newz Says:
As Bitcoin continues to be in a tough spot, BITI could look to capitalize and gain.
