ProShares will release a new ETF allowing investors to short bitcoin during harsh market conditions enabling institutions to legally bet against the asset.
- Proshares ETFs will release a new product which will allow investors to short bitcoin.
- Proshares previously released the Proshares Bitcoin Strategy ETF that trades futures contracts as well.
- Bitcoin reached its all time high days after its original ETF was released as this short ETF releases amid harsh market conditions.
Proshares, a provider of exchange-traded-funds (ETFs), is set to release the Short Bitcoin Strategy ETF (NYSE: BITI) on June 21, which will allow investors to bet against bitcoin through the use of futures contracts.