ProShares is set to list the U.S.'s first ETF allowing investors to bet against the price of bitcoin. By JamieCrawleyCD
Investment product provider ProShares is set to list the U.S.'s first exchange-traded fund allowing investors to bet against the price of bitcoin.
The ProShares Short Bitcoin Strategy , which is designed to deliver the inverse of bitcoin's performance, will start trading on the New York Stock Exchange tomorrow,The ETF will allow investors to hedge their bitcoin exposure, which may prove particularly pertinent given the sharp downturn in crypto markets of late.in October last year, a factor which saw the world's largest crypto hit an all-time high of around $68,900 in the subsequent weeks.
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