BETAPRO INVERSE BITCOIN ETF SHS (CAD)BETAPRO INVERSE BITCOIN ETF SHS (CAD)BETAPRO INVERSE BITCOIN ETF SHS (CAD)

BETAPRO INVERSE BITCOIN ETF SHS (CAD)

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Key stats


Assets under management (AUM)
‪15.36 M‬CAD
Fund flows (1Y)
‪10.24 M‬CAD
Dividend yield (indicated)
Discount/Premium to NAV
−4.6%

About BETAPRO INVERSE BITCOIN ETF SHS (CAD)


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
BetaPro
Expense ratio
4.94%
Inception date
Apr 15, 2021
Index tracked
Horizons Bitcoin Front Month Rolling Futures Index - Benchmark Price Return
Management style
Passive
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


Asset Class
Currency
Category
Pair
Focus
Long CAD, short Bitcoin
Niche
Derivative
Strategy
Vanilla
Weighting scheme
Single asset
Selection criteria
Single asset

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of June 28, 2024
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash94.03%
Miscellaneous5.97%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows