Double or Nothing: Proshares Launches BITU and SBIT ETFs for Bullish and Bearish Bitcoin Bets
On Tuesday, ProShares introduced two new offerings: an Ultra Bitcoin exchange-traded fund, known as Ticker BITU, and an Ultrashort Bitcoin Exchange-Traded Fund (ETF), known as SBIT. While BITU is designed to deliver double the daily returns of bitcoin, SBIT is designed to double the daily returns of bitcoin. Proshares Leveraged and promoted […]
