First exchange-traded fund to short the world’s biggest digital currency to debut amid crypto’s huge price slide
Financial firm ProShares is ready to roll out the first U.S.-listed short bitcoin futures exchange-traded fund this week, allowing investors to effectively bet against the largest cryptocurrency after its price tumbled below $20,000 over the weekend.
The Bethesda, Md., firm’s fund, the will trade on the New York Stock Exchange and go by the ticker BITI.