What is the inverse bitcoin ETF?

Horizons ETF, an asset management company in Canada, launched an inverse Bitcoin ETF in April this year. The ETF is called BetaPro Inverse Bitcoin ETF and is listed with the ticker BITI.

Could there be an ETF for bitcoin?

There Could Be an ETF for That L ate last year, ProShares first introduced the ProShares Bitcoin ETF (BITO) to get bullish on bitcoin prices via futures. Now, the company will be adding more tactical exposure to the leading cryptocurrency with an inverse ETF.

Can inverse ETFs gain in a bear market?

If held over long periods, compounding causes inverse ETFs to underperform, especially for inverse ETFs with higher leverage ratios or volatile underlying assets. Nonetheless, inverse ETFs can be useful short-term trading instruments. Here are 10 inverse ETFs that gain in a bear market.

Are inverse ETFs good for short-term trading?

Generally, the inverse target exposure is only accurate for a single day. If held over long periods, compounding causes inverse ETFs to underperform, especially for inverse ETFs with higher leverage ratios or volatile underlying assets. Nonetheless, inverse ETFs can be useful short-term trading instruments.