BitiI wish I posted this a day ago but still good to keep on radar. It’s a short btc etf. When btc goes down this goes up. Looking for this pattern to build which gives another 1.60 cents upside
Key stats
About ProShares Short Bitcoin ETF
Home page
Inception date
Jun 21, 2022
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
BITI is the first US ETF to provide inverse exposure to Bitcoin. It aims to profit from the price decline of Bitcoin for a single day. Bitcoin pricing is sourced from the Bloomberg Bitcoin Crypto Fixing Rate (CFIX). The index price is a composite of US dollar-Bitcoin trading activity reported by digital asset trading platforms. The fund does not take a short position in bitcoin directly. To obtain inverse exposure to the index, the fund primarily invests in standardized, cash-settled Bitcoin futures contracts. Returns of the fund can vary significantly from -1x exposure if held for longer than a day. As an inverse product with daily resets, the fund is designed as a short-term trading tool and not a long-term investment vehicle. The fund itself gains exposure through a wholly owned Cayman Islands subsidiary. Before March 15, 2024, the fund tracked the S&P CME Bitcoin Futures Index. Until September 27, 2024, the fund tracked the Bloomberg Galaxy Bitcoin Index.
Classification
What's in the fund
Exposure type
Cash
Government
Bonds, Cash & Other100.00%
Cash71.51%
Government28.49%
Top 10 holdings
$10 by June 2024It's 2024, 3 years since people received free money from our government, people already started draining their savings accounts. Everything got much more expensive. Rising auto loan, credit card, mortgage delinquencies. We already had crypto pumps begging this year and these pumps were much smaller
BITI (short Bitcoin)MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Sq
ProShares ETF (BITI) —BullishThis ETF, BITI, hit a major low around march and quickly a strong rise in buy volume can be seen on the chart.
Price action becomes flat, 100%, signaling that a bottom/low is being established. This process is the accumulation phase.
BITI is now moving daily above EMA55. It has been rising since J
A Weekend Bet w BitiTicker Biti will benefit from decreases in the price of bitcoin futures contracts for a single day.
Bitcoin had broken below it's 200 day moving average Sunday August 4th. and over the next week has rebounded back to it's 200 day average @ 61,879 as of Friday August 9th.
Why would it get reject
Volume Spike for The Bitcoin Short ETF - Does It Mean Anything?Overall, since the end of 2021, I've seen Bitcoin is more of a net-negative when it comes to investing, for a variety of reasons. I've outlined all of this pretty clearly in my posts to this account since then. I correctly anticipated the drop all the way down below $20k back in 2022, though I did n
BTC Profit HedgingBitcoin has had an absolutely epic, face ripper rally over the last year and it may be time a look for a pullback in price as buying opportunities present themselves.
Today I have been considering the BITI Short BTC ETF which could give us an amazing hedge if BTC sees a sharp decline. Now I do bel
I think $BTC is going lower and this $BITI chart looks bullishLet me know your thoughts on this trade =)
Personally I would like to scoop up some BTC at low 50s.
Crypto stocks & Bitcoin slaughtered!Stocks like Coin, Mara, MSTR all got s=demolished this week on the back of BTC having a 11% pullback from highs.
Bitcoin is forming a weekly reversal candle that is extremely bearish.
This candle could indicate a near term top in the crypto market.
If we get a weekly hammer reversal expect a 5
hedging btc profits new listed etfs dont allow shorting but you can buy short etfs to hedge your positions
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
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Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.