World’s first short Bitcoin ETF sees exposure explode 300% in days
Since launching last month, the ProShares Short Bitcoin Strategy ETF (BITI) has eclipsed others in inflows.
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Institutional investors shorting Bitcoin made up 80% of weekly inflows
Digital asset product inflows were dominated by the $51.4 million posted by short BTC funds last week, with ETH products generating the next highest figure at just $4.9 million.
Crickets on day 1… but Proshares short Bitcoin ETF volume up 380% on day 2
A slow first day of trading on the short Bitcoin ETF may have been nothing but a slight hiccup in ProShares’ newest product as volumes grew on the second day.