Betting against bitcoin? You can now do it via an ETF in the U.S.

U.S. investors now have a new way to bet against bitcoin in the wake of this year’s crypto market volatility. ProShares on Tuesday launched its Short Bitcoin Strategy ETF, or BITI, the first inverse exchange-traded fund connected with bitcoin in the U.S. Its shares are trading at around $38.74 on Tuesday, up about 0.6%, according to FactSet data.  

The ETF arrived at a time when bitcoin
is down almost 70% from…
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