Trading in inverse ETFs -- vehicles that win when the market loses -- is eclipsing activity in bullish leveraged products by the widest margin since the financial crisis.
The ProShares Short Bitcoin Strategy ETF (ticker BITI) launches Tuesday, becoming the first inverse exchange-traded fund in the US linked to the largest cryptocurrency.
July 6 is the deadline for the SEC to decide on Grayscale Investment’s most recent application for a spot bitcoin ETF, as advocates argue failure to approve puts U.S. at a disadvantage.