BITI grows further: 300% increase last week

BITI, the first inverse BTC ETF, grew further last week. After becoming the second-largest bitcoin-related BTC ETF in the U.S. after only four days of trading, the net short exposure has grown further and increased by more than 300% last week.
Source: ProShares

As reported last week, ProShares’ short bitcoin ETF (BITI) became the second-largest U.S. bitcoin-related ETF in just four days. Since that, the net short exposure of BITI has increased rapidly.

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