ProShares Short Bitcoin Strategy ETF

Share post:

This ETF allows traders to bet on a decline in Bitcoin futures. It reached a record low on Tuesday. Its peak was over $45 a little over a year ago, during a period when crypto assets were experiencing a significant drop following the collapse of the FTX exchange. However, it has struggled to maintain its value this year despite the strong recovery of Bitcoin.


ETF Newz Says:

Bitcoin, the largest cryptocurrency, hit an 18-month high on Tuesday, following a 10% surge on Monday. This surge is attributed to growing optimism in the cryptocurrency market regarding the imminent launch of a spot Bitcoin ETF, particularly fueled by the listing of BlackRock’s iShares ETF on the website of the clearinghouse DTCC.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

Tim Draper’s Bold Prediction: Bitcoin (BTC) Price Set to Skyrocket to $250K!

In the world of finance, Bitcoin is increasingly recognized as a transformative force. With the potential to challenge...

Bitcoin ETF: Navigating the Perils of SEC Rejection and Fierce Opposition from Funds

A recent court order has directed the Securities and Exchange Commission (SEC) to reconsider its denial of Grayscale's...

Nike’s Shocking 10% Plunge: Sales Outlook Slashed

Nike, a leading athletic apparel⁢ company, ⁣recently announced plans to reduce costs by $2 ‍billion over the next...