ETF That Bets Against Bitcoin to Launch

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

Short Bitcoin Strategy ETF,

will trade on the New York Stock Exchange and go by the ticker BITI.

The fund launch comes as a brutal…
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