Become A Wiser, More Profitable Investor

BITI: A Way To Short Bitcoin Without Leverage; Buy Rating In Small ... - Seeking Alpha

investing

On 2/6/23, I took a small position within my "go anywhere" personal account to buy some shares of ProShares Short Bitcoin Strategy ETF (NYSEARCA:BITI), an 8-month-old ETF that dares to bet against Bitcoin (BTC-USD), even for tactical purposes. As with anything I write for Seeking Alpha, my articles (and I suspect those of many other folks) are to discuss what we see. My BITI purchase in small size is simply an acknowledgement that the recent move in the now-iconic cryptocurrency from $17,000 to nearly $24,000 in 4 weeks was more likely a trading frenzy move, and not the start of a secular Bitcoin bull market.

seekingalpha.com     Feb 08, 2023