ProShares will launch a short-term Bitcoin-linked ETF

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ProShares, the largest provider of Bitcoin-related ETFs in the United States, will offer a novelty to its customers. It has announced plans to introduce the first BTC-linked short-term ETF for US investors. This is to give them the opportunity to make a potential profit when the price of the largest cryptocurrency falls within the one-day range, while maintaining liquidity.

  • ProShares will launch a short-term Bitcoin-linked ETF today
  • The largest provider of bitcoin ETFs in the United States wants to offer its American investors the opportunity to profit when the price of BTC drops in the one-day range
  • Invest in cryptocurrencies in the form of CFDs with the broker Plus500

ProShares will launch a short-term Bitcoin-linked ETF

The leading ETF provider yesterday announced plans to launch a new “tool” – the ProShares Short Bitcoin Strategy (BITI) ETF, allowing investors to profit from the daily decline in BTC. Its focus will be on the challenge of gaining short exposure to the biggest cryptocurrency, which has often been expensive and tedious for many users.

ProShares CEO Michael L. Sapir noted that recent times have shown us that Bitcoin could still lose value. He added that BITI will give investors betting on the BTC chart the opportunity to make a profit or secure their cryptocurrency resources. ,,It will allow you to easily gain short exposure to Bitcoin by buying an ETF on a traditional brokerage account” – he underlined.

BITI aims to provide the opposite performance of the S&P CME Bitcoin Futures Index. This one tries to execute every day, exposing itself through BTC futures.

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New for investors who prefer a mutual fund

Investment fund associate company ProShares – ProFunds also plans to launch the Short Bitcoin Strategy ProFund (BITIX) today. This tool will be for those who prefer a trust fund. Its investment objective will be similar to that set by BITI.


Last October, ProShares launched the first American ETF linked to Bitcoin, BITO. In just 2 days after the event, she managed to attract $1 billion in assets. It was then one of the most successful start-ups in the history of ETFs.

ProFunds launched its first BTC-linked investment fund a few months earlier, in July 2021.

,,With the addition of BITI and BITIX, ProShares and ProFunds will be the only fund families in the United States offering funds that allow investors to express their views on the direction of Bitcoin – whether they think the price is going increase or decrease.” – emphasized Michael L. Sapir.

The risk was also announced in the published press release. It has been emphasized that there is no guarantee that the fund will achieve its investment objective and therefore may not be suitable for some investors. They can lose all funds in one day.

,,Bitcoin and BTC futures contracts are subject to unique and significant risks, including price volatility and illiquidity. The value of an ETF investment can drop significantly and even to zero without warning” – Mark.

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