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.

TSX:BITI - Post by User

BetaPro Inverse Bitcoin ETF

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Post by Lawyerupon Oct 01, 2021 9:53pm

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Post# 33956870

On watch again getting close again to buy

Nice quick way to play the volatility of bitcoin. Buy under $15 then sell once it clears $17 or $18. Definitely not a long term hold but pretty easy money for short term. I wouldn't be the farm but have made some nice dinero doing the cycle. All the best Charlie.

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