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Bullboard - Stock Discussion Forum BetaPro Inverse Bitcoin ETF T.BITI

HIBT is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, through short investments in Bitcoin Futures, that endeavour to correspond to the single inverse (opposite) performance of an index that replicates the returns generated over time through long notional investments in Bitcoin Futures. The current Underlying Index of HIBT is the Horizons Bitcoin Front Month Rolling Futures Index (Excess Return). HIBT...

The Market Herald Price Sensitive
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RE:RE:Not a direct correlation with Bitcoin Price

Biti tracks the btc futures not the spot price. Horizons Bitcoin Front Month Rolling Futures Index ER 2022 Solactive AG  rate and reply

RE:Not a direct correlation with Bitcoin Price

Last time BTC was around 31k this was $26 , $17.40 now , major decay?  rate and reply

RE:RE:the anti- bitcoin

Who set the stop price? Santa or Greta? What happened to hodl?  rate and reply

RE:Not a direct correlation with Bitcoin Price

I think on: May 4/21   Biti $16.38  and Bitcoin $53333.54. Dec 3/21   Biti $12.25  and Bitcoin $53598.25. I think that works out Bitcoin increase ~0.49% and BITI...read more

RE:the anti- bitcoin

i got stopped out yesterday when it dropped below 13  rate and reply

the anti- bitcoin

ETF  rate and reply

Chefboy69....Stock Board Poser?

Since Chefboy69 felt it necessary to pop into the HUGE board and talk shite and throw around personal insults out of the blue, I thought I'd do a bit of digging.....I went through his history, and...read more

Horizons should re-name this ANTI-BITCOIN

Look at the price today  rate and reply

what a fun ANTI- bitcoin

I love it I am in I think bitcoin and all its sons and dauther's are going to fall BIG TIME its started already I see this hitting $30 good luck   rate and reply

RE:$$$ T.BITI Sold Half Today $$$

Looking to close the rest of this postition early next week. EOM...  rate and reply

$$$ T.BITI Sold Half Today $$$

$$$ T.BITI Sold Half Today $$$ Sold half today will buy more if it trys to get to 65K usd again...  Cheers   rate and reply

RE:Not a direct correlation with Bitcoin Price

This stock makes no sense. I feel completely ripped off. Bitcoin keeps dropping and this stock also drops today. This is absolutely fraud.  rate and reply

Not a direct correlation with Bitcoin Price

As can be seen today bitcoin has dropped just over 3% but BITI has only risen 1.5%.  I am down a bit but that is expected.  Last time I bought in the $14 range and sold around $22 so wait...read more

All Time Low

Shouldn't the 52W low been around last March when Bitcoin was almost worth 90K? What am I missing?  rate and reply

RE:RE:RE:RE:RE:Back in Again $13.60

Yup add in the bids and asks it is not a direct correlation.  As noted it swings wildly.  Nobody should invest here unless you know the risks as noted.  For me its been profitable for...read more

RE:RE:RE:RE:Back in Again $13.60

Please correct me if I'm wrong but BITI tracks the front month contract and what I can see from the CME is that both the current and front month are pretty equal. Even two months ahead there is...read more

RE:RE:RE:Back in Again $13.60

You are mistaken. This is not a beta pro product, it's a single inverse product. Last Friday at 4pm BTC was at $48000, Monday morning at 9:30am BTC was again trading at $48000 yet BITI dropped...read more

RE:RE:Back in Again $13.60

True its based on Bitcoin futures and is an Inverse opposite of the bitcoin futures up to 100%.  So it does not follow bitcoin current prices.  Generally when bitcoin rises it tends to drop...read more

RE:Back in Again $13.60

The 10% drop was not supported by a corresponding gain in BTC. This is a 1:1 product. It does not track.  rate and reply

Back in Again $13.60

Filled at $13.60, risky but almost a 10% drop today.  Nice way of riding the volatility of bitcoin.  See where this goes.  Cheers Charlie.  rate and reply