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BITI - Proshares Short Bitcoin Strategy -1X ETF

Proshares Short Bitcoin Strategy -1X ETF logo BITI (ProShares Short Bitcoin Strategy -1X ETF) is an exchange-traded fund (ETF) managed by ProShares Advisors LLC. The ETF seeks to provide investors with the inverse (opposite) daily return of the Bitcoin Futures Index, which is a benchmark that tracks the performance of bitcoin futures contracts listed on the Chicago Mercantile Exchange.

As an inverse ETF, BITI uses financial derivatives and other investment strategies to provide the opposite daily return of the underlying index. This means that if the Bitcoin Futures Index falls by 1% on a given day, BITI should deliver a return of 1% in the opposite direction (before fees and expenses). However, if the index rises by 1%, BITI would be expected to deliver a loss of 1%.

As of September 2021, the BITI ETF had total net assets of around $80 million and was invested in a diversified portfolio of inverse derivative securities, primarily focused on bitcoin futures contracts. The fund's top holdings included inverse securities from companies such as ProShares, Invesco, and Rafferty Asset Management.

In terms of performance, BITI can be used as a hedge against a decline in the value of bitcoin or as a short-term tactical trading strategy. However, investors should keep in mind that leveraged inverse ETFs like BITI can be highly volatile and carry significant risks. The price of bitcoin can be subject to significant fluctuations, and the ETF's strategy may not perform as expected.

Additionally, the ETF charges a relatively high expense ratio of 0.95%, which is higher than the average expense ratio for ETFs in the bitcoin and cryptocurrency sectors. Investors should carefully consider their risk tolerance and investment objectives before investing in BITI or any other i

 



 

 

 
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