The ProShares Short Bitcoin Strategy exchange-traded fund would track the inverse performance of an index of Bitcoin futures, according to Tuesday filing with the U.S.
Rival issuer Direxion filed for a similar strategy in October following BITO’s launch, but pulled the application at the request of the SEC.
Short interest as a percentage of shares outstanding on BITO currently stands near 5.5%, down from a record 8% last month, data from IHS Markit Ltd.
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