• Best Managed Accounts
  • Best IRA Accounts
  • Best Forex Brokers
  • Best Forex Robots
  • Best Saving Accounts
  • Best Stock Brokers
  • Best Crypto Platforms
No Result
View All Result
MFA
  • Top
  • Investing
    • Forex Trading
    • Stock Trading
    • Crypto Trading
    • Mutual Funds
    • ETFs Investing
    • Bonds Investing
    • Real Estate Investing
    • Investment Apps
  • Passive Income
    • Automated Trading
    • Managed Accounts
    • Passive Income Apps
  • Money Management
    • Banking
    • Savings Accounts
    • Money Market Accounts
    • Financial Advisors
    • Financial Independence
    • Saving Money
    • Paying Off Debt
    • Make More Money
  • Retirement
    • 401(k)
    • IRA
    • Retirement Planning
    • Retirement Calculator
  • Reviews
    • Online Brokers
    • Robo Advisors
    • Signal Providers
  • News
  • Top
  • Investing
    • Forex Trading
    • Stock Trading
    • Crypto Trading
    • Mutual Funds
    • ETFs Investing
    • Bonds Investing
    • Real Estate Investing
    • Investment Apps
  • Passive Income
    • Automated Trading
    • Managed Accounts
    • Passive Income Apps
  • Money Management
    • Banking
    • Savings Accounts
    • Money Market Accounts
    • Financial Advisors
    • Financial Independence
    • Saving Money
    • Paying Off Debt
    • Make More Money
  • Retirement
    • 401(k)
    • IRA
    • Retirement Planning
    • Retirement Calculator
  • Reviews
    • Online Brokers
    • Robo Advisors
    • Signal Providers
  • News
No Result
View All Result
MyFinAssets
No Result
View All Result
Home News

Investors Flock to BITO to Short Token

May 27, 2022
in News
0
A A
0
Investors Flock to BITO to Short Token

Investors betting against cryptocurrencies are targeting an exchange-traded fund backed by Bitcoin futures, amid the recent decline of the world’s biggest cryptocurrency, according to a report on Bloomberg.

The ratio of bets against the $748-million ProShares Bitcoin Strategy ETF or BITO has hit 11%, hovering around the highest level since it started in October 2021, according to data from the IHS Markit Ltd.

BITO’s ratio of open interest in bearish put contracts to call open interest has surged to hover around all-time highs since mid-April, indicating that bears are flooding to the fund in a bid to short sell the token.

The inflows of bets against BITO seem to serve as a proxy, as issuers such as Direxion, ProShares, and AXS file applications for similar offerings which would offer short exposure to Bitcoin futures contracts.

BITO has so far recorded a 37% decline this year, in line with the drop in Bitcoin.

Trade like pro, no experience needed
Best Managed Accounts 2022
TweetShareShare
Previous Post

China Opens up Bond Market to Foreign Investors

Next Post

Genius Assets Review

Related Posts

Three Arrows Capital Fund Hit by Margin Calls After Several Liquidations

Three Arrows Capital Fund Hit by Margin Calls After Several Liquidations

June 17, 2022
SEC Eyes Classifying Index Providers as Investment Advisers

SEC Eyes Classifying Index Providers as Investment Advisers

June 16, 2022
European Central Bank Vows to Develop New Tool to Support Highly Indebted States

European Central Bank Vows to Develop New Tool to Support Highly Indebted States

June 15, 2022
Next Post
Genius Assets

Genius Assets Review

British Regulator to Tweak Rules on Listings to Restore London IPO Markets

British Regulator to Tweak Rules on Listings to Restore London IPO Markets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Top Performing Trading Systems

TechBerry 95%
Forex Cyborg 80%
Automic Trader 75%
DynaScalp 70%
Happy Forex 65%

Follow our Twitter

Popular

  • $20k

    Top 5 Best Ways On How To Invest $20000

    0 shares
    Share 0 Tweet 0
  • TechBerry Review: A Reliable Social Trading Platform

    0 shares
    Share 0 Tweet 0
  • Best Timeframes for Crypto Trading

    0 shares
    Share 0 Tweet 0
  • Inverse Bitcoin ETF – A Simple Way to Short Bitcoin

    0 shares
    Share 0 Tweet 0
  • How To Trade And Invest During The Earnings Season

    0 shares
    Share 0 Tweet 0

INVESTING

  • Bonds Investing
  • Crypto Trading
  • Forex Trading
  • Mutual Funds
  • ETFs Investing
  • Real Estate Investing
  • Stock Trading

RETIREMENT

  • 401(k)
  • IRA
  • Retirement Planning
  • Retirement Calculator

REVIEWS

  • Online Brokers
  • Robo Advisors
  • Signal Providers

MONEY MANAGEMENT

  • Banking
  • Financial Advisors
  • Money Market Accounts
  • Savings Accounts

PASSIVE INCOME

  • Automated Trading
  • Managed Accounts
  • Passive Income Apps

Are you looking for the best investment plan?

Let our financial advisors help you

Contact Us

PERSONAL FINANCE

  • Financial Independence
  • Saving Money
  • Paying Off Debt
  • Make More Money
  • Best Managed Accounts
  • Best IRA Accounts
  • Best Forex Brokers
  • Best Forex Robots
  • Best Saving Accounts
  • Best Stock Brokers
  • Best Crypto Platforms
  • Home
  • Blog
  • Privacy Policy
  • Disclaimer
  • Contact Us

© 2023, Myfinassets

No Result
View All Result
  • Top
  • Investing
    • Forex Trading
    • Stock Trading
    • Crypto Trading
    • Mutual Funds
    • ETFs Investing
    • Bonds Investing
    • Real Estate Investing
    • Investment Apps
  • Passive Income
    • Automated Trading
    • Managed Accounts
    • Passive Income Apps
  • Money Management
    • Banking
    • Savings Accounts
    • Money Market Accounts
    • Financial Advisors
    • Financial Independence
    • Saving Money
    • Paying Off Debt
    • Make More Money
  • Retirement
    • 401(k)
    • IRA
    • Retirement Planning
    • Retirement Calculator
  • Reviews
    • Online Brokers
    • Robo Advisors
    • Signal Providers
  • News

© 2023, Myfinassets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In