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How ETF investors can bet on the crypto crash

From cnbc.com

Digital currency investors have been under pressure this year due to a range of factors, from inflation and recession fears to a liquidity crisis among high-profile crypto companies. Bitcoin’s steady freefall has brought the flagship coin down almost 70% off its historic high last November. For investors mulling a bet against bitcoin, ProShares launched BITI, the first U.S. short bitcoin-linked ETF, on June 21. “This is the companion to BITO, the long bitcoin strategy ETF,” Simeon Hyman, Global Investment Strategist at ProShares, said on CNBC’s ‘ETF Edge’ on Monday. “And we wanted to be able to offer investors the ... (full story)

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  • Category: Fundamental Analysis