The first short bitcoin-linked ETF in the U.S. has finally launched

The first short bitcoin-linked ETF in the U.S. has finally launched
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
  • bitcoinBitcoin (BTC) $ 20,092.00 1.3%
  • ethereumEthereum (ETH) $ 1,092.98 5.1%
  • tetherTether (USDT) $ 1.00 0.07%
  • usd-coinUSD Coin (USDC) $ 1.00 0.02%
  • bnbBNB (BNB) $ 218.84 4.41%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • xrpXRP (XRP) $ 0.325986 3.34%
  • cardanoCardano (ADA) $ 0.463653 2.06%
  • solanaSolana (SOL) $ 32.90 8.16%
  • dogecoinDogecoin (DOGE) $ 0.068489 1.59%
BUSINESS

The first short bitcoin-linked ETF in the U.S. has finally launched

ProShares Short Bitcoin Strategy is the first short bitcoin-linked ETF in the U.S.

06/21/2022

The first short bitcoin-linked ETF in the U.S. has finally launched

ProShares has launched its first short bitcoin-linked ETF in the U.S, labeled as ProShares Short Bitcoin Strategy.

The exchange-traded fund provider started the first U.S. bitcoin-linked ETF (BITO) in October 2021. In July 2021, it released the first bitcoin-linked mutual fund (BTCFX). 

Speaking of an exchange-traded fund (ETF), it is a kind of pooled investment security, operating as a mutual fund. It tracks a specific index, sector, or other assets. With an ETF, investors can purchase or sell their funds like a regular stock on a stock exchange.

Crypto mining operation in Russia

According to the release, ProShares offers a way for crypto investors to likely profit from a short exposure in Bitcoin and other decentralized digital currencies amidst a price decline.

The ProShares Short Bitcoin Strategy.ETF (BITI) is available for trading on the New York Stock Exchange (NYSE).

Michael L. Sapir, the chief executive of ProShares, pointed out: “As recent times have shown, bitcoin can drop in value.”

“BITI affords investors who believe that the price of bitcoin will drop with an opportunity to potentially profit or to hedge their cryptocurrency holdings,” Sapir said. “BITI enables investors to conveniently obtain short exposure to bitcoin through buying an ETF in a traditional brokerage account.”

“With the additions of BITI and BITIX, ProShares and ProFunds will be the only fund families in the U.S. offering funds that allow investors to express their view on the direction of bitcoin—no matter whether they believe the price will go up or down,” he added.

By Marielle Petere Wozinga Staff

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