ProShares Short Bitcoin Strategy ETF

BITI

Market cap $87.9M

Bitcoin gained 12.7% in April, registering back-to-back monthly gains and its best month since April 2025. The run was driven by leveraged trading activity in the derivatives market while demand for the spot bitcoin contracted, signaling weakness in the rally, according to CryptoQuant.

GraniteShares' 3x Long and 3x Short XRP ETFs were supposed to launch on NASDAQ today, April 23.

Most ETFs give you sector exposure. The Amplify Transformational Data Sharing ETF ( NYSEARCA:BLOK ) goes further, concentrating in companies structurally tied to blockchain adoption — crypto exchanges, miners, Bitcoin treasury holders, and fintech platforms building on-chain infrastructure.

Most ETFs are built to ride a wave. ProShares Short Bitcoin ETF (NYSEARCA:BITI) is built to profit when that wave crashes.

It seemed for a while that a meteoric—if uneven—rise in Bitcoin was all but inevitable, as the top cryptocurrency flew past the $100,000 threshold midway through 2025. However, an October high couldn't last, and despite making a modest recovery to end the year, BTC is once again plummeting early in 2026.

Bitcoin falls below $80K on Fed hawk fears, hurting crypto ETFs. Liquidity worries linger despite regulatory clarity and AI hopes.

ETFs like BITI, EWY, XSD, AMDW, and CNRG have fared well last week on AI momentum, trade optimism and clean energy revival.

The new potential ETF will hold Bitcoin, Ether, Solana, Cronos, and Ripple directly, with 70% of its assets invested in Bitcoin.

Since Liberation Day, the market has made many moves in both directions. While many investors have focused on hedging volatility, a handful of investors have used this is as opportunity to take advantage of any directional movement — whether up or down — by using leveraged ETFs.

ProShares Shrt Bitcoin ETF aims to achieve daily investment results that correspond to the inverse (-1x) of Bitcoin's daily performance. The ETF provides a way for investors to profit from declines in Bitcoin pricing, offering a hedge or speculation against cryptocurrency market downturns. One of my favorite momentum-based trading formulas flashed a buy signal for BITI at the end of last week.