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 > Not a direct correlation with Bitcoin Price

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Post by Lawyerupon Oct 07, 2021 3:24pm

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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 and see. If bitcoin does a hard drop BITI tends to spike. Cheers Charlie.

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