ProShares Short Bitcoin Strategy ETF
BITI
$7.57
-$0.16-2.07%
Rating
Fund Information
ETF
Asset Allocation
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Services Offered
None
Top Holdings
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Beta / Standard Deviation
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Company Information
ProShares
George Banian (1), Alexander V. Ilyasov (1)
ProShares
7501 Wisconsin Avenue, Suite 1000
Bethesda MD - 20814
7501 Wisconsin Avenue, Suite 1000
Bethesda MD - 20814
United States
866-776-5125
Investment Strategy
The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Bloomberg Bitcoin Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the daily target. It seeks to benefit from decreases in the price of bitcoin futures contracts for a single day. The index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. It is non-diversified.