Horizons ETFs Management has launched the BetaPro Inverse Bitcoin ETF, the world’s first inverse exchange-traded
Horizons ETFs Management has launched the BetaPro Inverse Bitcoin ETF, the world's first inverse exchange-traded Bitcoin fund that allows investors to take short positions on Bitcoin futures.
The BetaPro Inverse Bitcoin ETF (ticker BITI) provides up to 100% of the inverse daily performance of the Horizons Bitcoin Front Index, which "replicates the returns generated over time through exposure to long notional investments in bitcoin futures".
The fund charges a 1.45% management fee.
Launched by the company sister product, BetaPro Bitcoin ETF (ticker HBIT), tracks the performance of futures for the first cryptocurrency. The management fee is 1%.
The company's bitcoin ETFs are traded on the Toronto Stock Exchange (TSX).