First Inverse Bitcoin ETF to Debut for Betting on Crypto Plunge
- Horizons product takes short positions on Bitcoin futures
- Canada beats U.S. again as Washington weighs fund proposals
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Canada is once again beating the U.S. in a Bitcoin milestone, as the first inverse Bitcoin exchange-traded fund will debut Thursday on the Toronto Stock Exchange.
While regulators south of the border hold off approving any ETFs that track the cryptocurrency, Horizons ETF is releasing a fund (ticker BITI) that will allow investors to take short positions on Bitcoin futures, according to a statement.