BITINot as good as futures for those of you who dont have the option though this is way to short ponzicoin . Buy near the demand area in lime if at all possible . ;)
Key stats
About BETAPRO INVERSE BITCOIN ETF SHS (CAD)
Expense ratio
4.94%
Home page
Inception date
Apr 15, 2021
This ETF is the first to provide inverse exposure to bitcoin futures, it aims to profit on the price decline of bitcoin futures traded on the CME Futures Exchange. The fund does not invest directly in bitcoin or in bitcoin futures market, instead, it provides exposure to the price of the index by investing in forward contracts. Returns can vary significantly from -1x exposure, if held for longer than a day. The funds index has long notional investments in bitcoin futures based on the CME CF Bitcoin Reference Rate, which aggregates bitcoin trading activity across major bitcoin spot trading venues between 3:00-4:00 p.m. London time. The index represents the settlement prices of front-month bitcoin futures, prices are usually determined at 4:00 p.m. (EST). As a geared product with daily resets, the fund is designed as a short-term trading tool and not a long-term investment vehicle. The base currency of the ETF is USD, it will not hedge any foreign currency exposure back to CAD.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash94.03%
Miscellaneous5.97%
BITILol... i dont actually own this.... i short BTC using futures but i figured id post this in case any of you want to short this shitshow and dont have a futures trading account... ive been short for a while now (as you know from my past ideas) and added along the way so im not saying im shorting exa
Step right up Bitcoin Bears! Long Term Chart! Pattern?If you are new to charts here's one for you. Just look at this long term chart which provides a better guidance on the long term trend. What's the trend? And with the fundamentals that we can't even chart the money supply world wide, well, we can't measure it by itself but BITI is the closest ch
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.