ProShares is launching a short bitcoin ETF this week
Eight months after establishing the first U.S. bitcoin futures ETF, ProShares plans to launch the first short bitcoin-linked ETF on Tuesday in the U.S.
The ProShares Short
$Bitcoin (BTC.CC)$ Strategy is designed to give investors a way to profit from declines in the price of the cryptocurrency.
Bitcoin fell to new a new 2022 low over the weekend of $17,601.58, after six months of declines amid the broader sell-off in risk assets.
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1994CM : Bitcoin on a downward trend currently.
Tyler Maltz OP 1994CM :