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TagsWhat is the first short Bitcoin ETF listed on NYSE?
Antonia BronarsDec 16, 2021 · 3 years ago1 answersCan you tell me which was the first short Bitcoin ETF to be listed on the New York Stock Exchange (NYSE)? I'm interested in knowing the details of this ETF and how it works.
1 answers
- The first short Bitcoin ETF listed on the NYSE is the ProShares Short Bitcoin Strategy ETF (BITO). It was launched on October 19, 2021, and has gained significant attention from investors. BITO allows investors to profit from the decline in the price of Bitcoin by taking short positions on Bitcoin futures contracts. This means that when the price of Bitcoin goes down, the value of BITO goes up. However, it's important to note that investing in a short ETF like BITO carries risks, and it's always a good idea to do thorough research and consult with a financial advisor before making any investment decisions.Dec 16, 2021 · 3 years ago
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