ProShares Trust - ProShares Short Bitcoin Strategy ETF company info
BITI
ProShares Trust - ProShares Short Bitcoin Strategy ETF
What does ProShares Trust - ProShares Short Bitcoin Strategy ETF do?
ProShares Trust - ProShares Short Bitcoin Strategy ETF (NYSEARCA:BITI) operates as an exchange-traded fund (ETF) designed to provide investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of Bitcoin. Essentially, this ETF allows investors to profit from declines in the Bitcoin price, offering a unique approach to cryptocurrency exposure without directly shorting Bitcoin. The fund achieves its investment objective by engaging in financial instruments, including Bitcoin futures contracts. ProShares Short Bitcoin Strategy ETF aims to offer investors a tool to hedge against Bitcoin price downturns or to speculate on declines, addressing a niche demand in the evolving cryptocurrency investment landscape.
Company Snapshot
Is ProShares Trust - ProShares Short Bitcoin Strategy ETF a public or private company?
Ownership
Public
How many people does ProShares Trust - ProShares Short Bitcoin Strategy ETF employ?
Employees
155
What sector is ProShares Trust - ProShares Short Bitcoin Strategy ETF in?
Sector
ETF
Where is the head office for ProShares Trust - ProShares Short Bitcoin Strategy ETF?
Head Office
Bethesda, United States
What year was ProShares Trust - ProShares Short Bitcoin Strategy ETF founded?
Year Founded
2022
What does ProShares Trust - ProShares Short Bitcoin Strategy ETF specialise in?