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ProShares Debuts First Short Bitcoin ETF [BITI]
ProShares is all set to unveil its first short bitcoin-linked ETF in the United States under the ticker BITI. The new fund will go live on the New York Stock Exchange NYSE. According to the press release, BITI will provide investors a chance to profit from Bitcoin’s price dip or protect market exposure with the convenience of an ETF. Speaking of the new launch, ProShares CEO Michael L. Sapir stated, “As recent times have shown, bitcoin can drop in value. BITI affords investors who believe that the price of bitcoin will drop an opportunity to potentially profit or hedge their […]
RPG Cast – Episode 616: “Garland Does It His Way”
Cryptocurrency RPGamer has been covering RPGs since 1998, with the current version of the site launched in 2018. Due to the wholesale change in our back-end and systems only certain content created from 2018 onwards has been carried over to our new site. However, all of our older content can still be found at archive.rpgamer.com. Streaming Schedule Watch live on twitch.tv/rpgamer (all times Eastern) Monday 9:30pm — JCServant Plays Tuesday 11am — TAM in the AM 1:30pm — HerrFrog Plays 6:30pm — Scar Plays Classics 9:30pm — JCServant Plays Wednesday 9:30pm — JCServant Plays 12am — Q&A Quest Thursday 11am […]
Crypto staking must be regulated along with Bitcoin, demands first major supervisor
Crypto staking must be regulated along with Bitcoin, demands first major supervisor | Fortune You need to enable JavaScript to view this site. Read More
Bitcoin bounces back after falling to new 2022 lows over the weekend
Cryptocurrency Bitcoin continues to trade around the $20,000 mark, keeping investors on edge about where the price is going next. Nurphoto | Getty Images Bitcoin jumped on Monday, after the cryptocurrency fell below its 2017 high over the weekend, but investors remained on edge thanks to a slew of negative crypto headlines and macro factors keeping pressure on sentiment. The world’s largest cryptocurrency by market cap climbed above the $20,000 mark for much of the day Monday. However, it last edged lower by less than 1% to $20,005.46, according to Coin Metrics. Over the weekend, bitcoin fell as low as […]
ProShares is launching a short bitcoin ETF this week
A Bitcoin coin lies on a screen showing the Bitcoin – US dollar exchange rate. Fernando Gutierrez-Juarez | picture alliance | Getty Images Eight months after establishing the first U.S. bitcoin futures ETF, ProShares plans to launch the first short bitcoin-linked ETF on Tuesday in the U.S., the provider of investment products announced Monday. The ProShares Short Bitcoin Strategy, which will trade on the New York Stock Exchange under the ticker BITI, is designed to give investors a way to profit from declines in the price of the cryptocurrency. It will have an expense ratio of 0.95%. Bitcoin fell to […]
Bitcoin heads for dismal weekly close as BTC price rejects at $20K
Cryptocurrency Bitcoin (BTC) attempted to reclaim $20,000 as support on June 19 as bulls faced a $7,000 weekly red candle. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Cryptocurrency $16,000 eyed for possible next move Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising from lows of $17,592 on Bitstamp before being firmly rejected at $20,000. Low-liquidity trading conditions had made for a grim weekend for hodlers as the largest cryptocurrency fell to levels not seen since November 2020. While recovering some losses, a sense of deja vu pervaded the market on the day. $20,000 had returned as resistance, this having […]
El Salvador president addresses bear market concerns with Bitcoin hopium
As tensions rise amid falling BTC prices, President Nayib Bukele decided to share advice for fellow Bitcoin investors that may be concerned about the prolonged bear market. 14256 Total views 33 Total shares El Salvador introduced BTC as legal tender on September 7, 2021, when its market price was around $50,000. Ever since, Bukele’s government made significant returns on their initial BTC investments as Bitcoin rallied to its all-time high of $69,000, which was redirected to the country’s various infrastructure development initiatives. However, as tensions rise amid falling BTC prices, Bukele decided to share advice for fellow Bitcoin investors that […]