ProShares Short Bitcoin Strategy ETF

BITI

Market cap $76.3M

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.

Wall Street slumped last week, mainly due to less-dovish Fed cues for 2025.

With the election of Donald Trump, the markets will look for the best ETFs. So says Larry Glazer of Mayflower Advisors.

Bitcoin continues to retreat from its record high after meeting resistance at $100,000. Short bitcoin ETF inflows jump as price falls.

Bitcoin has had its highs and lows when it comes to investor interest (and its prices). But lately, interest has remained relatively high, and bitcoin prices have now reached over $70,000.

With recession concerns easing and Fed rate cut talks rising, Wall Street closed August with renewed optimism.

This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. While both are considered to be high-risk when it comes to investing, the two have foundational differences that investors should know.