BetaPro Inverse Bitcoin ETF T.BITI

Alternate Symbol(s): HZBCF

BITI seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to one times (100%) the inverse (opposite) of the daily performance of the Horizons Bitcoin Front Month Rolling Futures Index ER (the Underlying Index, Bloomberg ticker: HBITCNER). If BITI is successful in meeting its investment objective, its net asset value should gain approximately as much on a given day, on a percentage basis, as the Underlying Index, when this Underlying Index declines on that given day. Conversely, BITIs net asset value should lose approximately as much on a given day, on a percentage basis, as the Underlying Index when this Underlying Index rises on that given day. BITI takes positions in financial instruments that, in combination, should have similar daily return characteristics as up to one times (100%) the inverse (opposite) performance of the Underlying Index.

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BetaPro Inverse Bitcoin ETF > Back in Again $13.60

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Comment by halfcentmanon Oct 05, 2021 8:35am

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Post# 33966022

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 from 15.09 to 14.08 at the open. That a 9% drop. I would be content if BITI would react as advertised but it doesn't. Stay away if you can.

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