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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 > Not a direct correlation with Bitcoin Price
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Comment by RagingBull3on Dec 23, 2021 5:58pm
165 Views
Post# 34259543

RE:Not a direct correlation with Bitcoin Price

RE:Not a direct correlation with Bitcoin PriceI 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 decreased ~25% !!!!!

Could be wrong on my data and calculations.... but that seems huge difference in less than a year.


All just my opinion/view/thinking/checking things out.





Lawyerup wrote: 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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