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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

Comment by hemi3tcon May 18, 2022 11:16pm
87 Views
Post# 34694417

RE:RE:Not a direct correlation with Bitcoin Price

RE:RE:Not a direct correlation with Bitcoin PriceBiti tracks the btc futures not the spot price. Horizons Bitcoin Front Month Rolling Futures Index ER 2022 Solactive AG
Cobalt wrote: Last time BTC was around 31k this was $26 , $17.40 now , major decay?


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