The Horizons Inverse Bitcoin ETF (BITI) aims to allow investors to take advantage of Bitcoin price volatility, says executive.
Bitcoin (BTC) investors in Canada have two more outlets for BTC exposure this week — and can now even bet on a price crash.
In a press release on April 14, Horizons ETFs Management confirmed that its two new exchange-traded funds (ETFs) would start trading on the Toronto stock exchange Thursday.
Horizons: Bitcoin has "polarizing views"
Already a pioneer in the regulated institutional investment space for Bitcoin, Canada has now given the go-ahead for the first such fund dedicated to Bitcoin price losses, not gains.
Dubbed the BetaPro Inverse Bitcoin ETF (BITI), the fund allows investors to short Bitcoin futures.