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What is the first short Bitcoin ETF?

avatarReuba Is dumbNov 27, 2021 · 3 years ago3 answers

Can you tell me which was the first short Bitcoin ETF to be launched?

What is the first short Bitcoin ETF?
Bitcoin
ETF
Cryptocurrency

3 answers

  • avatarNov 27, 2021 · 3 years ago
    The first short Bitcoin ETF to be launched was the ProShares Bitcoin Short Strategy ETF. It was launched on October 19, 2021, and trades under the ticker symbol BITO on the New York Stock Exchange. This ETF allows investors to profit from a decline in the price of Bitcoin by shorting Bitcoin futures contracts. It provides a convenient way for investors to gain exposure to Bitcoin without actually owning the cryptocurrency.
  • avatarNov 27, 2021 · 3 years ago
    Sure! The first short Bitcoin ETF is the ProShares Bitcoin Short Strategy ETF. It was launched on October 19, 2021, and is listed on the New York Stock Exchange under the ticker symbol BITO. This ETF allows investors to bet against the price of Bitcoin by shorting Bitcoin futures contracts. It's a popular choice for investors who believe that the price of Bitcoin will decline in the future.
  • avatarNov 27, 2021 · 3 years ago
    The first short Bitcoin ETF is the ProShares Bitcoin Short Strategy ETF. It was launched on October 19, 2021, and is listed on the New York Stock Exchange under the ticker symbol BITO. This ETF allows investors to profit from a decline in the price of Bitcoin by shorting Bitcoin futures contracts. It's a great option for those who want to hedge against a potential downturn in the cryptocurrency market.

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