ProShares To Launch Short Bitcoin ETF

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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.


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.

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