Bullboard - Stock Discussion Forum 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... see more

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BetaPro Inverse Bitcoin ETF > Not a direct correlation with Bitcoin Price

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Post by Lawyerup on Oct 07, 2021 3:24pm

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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Comment by DelayTrader on Oct 08, 2021 3:10pm

This stock makes no sense. I feel completely ripped off. Bitcoin keeps dropping and this stock also drops today. This is absolutely fraud.

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Comment by RagingBull3 on Dec 23, 2021 5:58pm

I 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.

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