BITI ProShares Short Bitcoin Strategy ETF
What is BITI?
BITI tracks the inverse daily price movements of an index of front-month CME bitcoin futures. It aims to profit from the price decline of bitcoin.
BITI Factset Analytics Insight
BITI is the first US ETF to provide inverse exposure to bitcoin futures, it aims to profit from the price decline of bitcoin futures traded on the CME Futures Exchange for a single day. CME’s Bitcoin futures contract is a USD cash-settled contract based on the CME CF Bitcoin Reference Rate (BRR), which serves as a once-a-day reference rate of the USD price of bitcoin. The BRR aggregates the bitcoin trading activity across major bitcoin spot trading venues during a one-hour calculation window into the USD price of one bitcoin as of 4 p.m. London Time. Returns can vary significantly from -1x exposure, if held for longer than a day. As a geared product with daily resets, the fund is designed as a short-term trading tool and not a long-term investment vehicle. The fund itself gains exposure through a wholly owned Cayman Islands subsidiary.
BITI Summary Data
BITI Fund Structure
BITI Tax Exposures
BITI Portfolio Data
BITI Index Data
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BITI. BITI is rated a 5 out of 5.
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.