Key stats
About BETAPRO INVERSE BITCOIN ETF SHS CAD (POST REV SPLIT)
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Inception date
Apr 15, 2021
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Capitalizes
Primary advisor
Global X Investments Canada, Inc.
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash97.66%
Miscellaneous2.34%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BITI assets under management is 13.29 M CAD. It's fallen 0.37% over the last month.
BITI fund flows account for 2.25 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, BITI doesn't pay dividends to its holders.
BITI shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand BetaPro. The ETF was launched on Apr 15, 2021, and its management style is Passive.
BITI expense ratio is 4.94% meaning you'd have to pay 4.94% of your investment to help manage the fund.
BITI follows the Horizons Bitcoin Front Month Rolling Futures Index - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BITI invests in cash.
BITI price has fallen by −8.67% over the last month, and its yearly performance shows a −42.92% decrease. See more dynamics on BITI price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −6.00% over the last month, showed a −22.28% decrease in three-month performance and has decreased by −42.09% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −6.00% over the last month, showed a −22.28% decrease in three-month performance and has decreased by −42.09% in a year.
BITI trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.