ProShares Short Bitcoin Strategy ETF hit hard in record time. 'After becoming the second-largest BTC ETF in the U.S. after only 4 days of trading, the net short exposure has increased by more than 300% last week', published Arcane Research on July 6th.
That trend has only accelerated in July, with short exposure jumping over 300% in days, data confirms."After becoming the second-largest bitcoin-related BTC ETF in the U.S.
after only four days of trading, the net short exposure has grown further and increased by more than 300% last week."The timing for BITI in the U.S. is conspicuous in itself, coming as BTC/USD plumbed multi-year lows of $17,600., and the BITI inflows appear to confirm that institutional sentiment is likewise.
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