Horizon ETF announced the launch of BetaPro Bitcoin ETF (code HBIT) and BetaPro Reverse Bitcoin ETF (code BITI). These ETFs were listed on the Toronto Stock Exchange (TSX) on April 65438, 2005. HBIT and BITI provide long and reverse exposures of Horizons Bitcoin forward monthly rolling futures index respectively. BITI is the first ETF in the world to provide reverse bitcoin futures exposure.
The statement of Steve Hawkins, CEO of Horizon ETF, shows that its reverse bitcoin ETF allows investors to establish short positions in bitcoin futures; The sister product BetaPro Bitcoin ETF (code HBIT) listed in the same period will charge 1.00% to track bitcoin futures.
This means that buying HBIT and BITI is as simple as buying stocks and other ETFs through brokers, and investors do not need to open a cryptocurrency account separately. In addition, BITI will provide investors with a way to short Bitcoin without using margin accounts or shorting futures.
It is worth noting that since 20 13, the SEC has rejected all applications for bitcoin ETFs on the grounds of preventing manipulation and criminal acts. Canadian regulators are much more relaxed than the United States when approving ETFs that track bitcoin and special purpose acquisition companies. Less than two months ago, the first Bitcoin ETF in North America was listed in Toronto, and its assets have reached US$ 654.38+0 billion, about 654.38+0.25 billion Canadian dollars.
At the same time, the number of applications for standard bitcoin ETFs in the United States is also increasing. At present, at least eight companies have participated in the bidding, including Fidelity Investments Inc and Galaxy Digital Holdings Ltd. The first approved company may face huge demand, which urges the issuer to continue to submit applications.
Extended data
Bitcoin plummeted $8,000:
At about 1 1: 00 in the early morning of April 8, Bitcoin, which has been moving recently, crashed, plunging nearly $8,000 an hour. Enter the collapse market:
10: 18: Bitcoin fell below $59,000 each, the first time since April 1 1.
1 1:20: Bitcoin continued to fall below $58,000 each.
1 1:22: Bitcoin fell below $55,000/piece, with an intraday decline of more than 8%; Ethereum fell below $2 150/piece, and Ripple coins fell more than 13% to 1.34/piece.
1 1:36: Bitcoin fell below $52,000/piece, with an intraday decline of more than 15%.
It is worth mentioning that Bitcoin has continued to strengthen after it recently exceeded $60,000. On April 65, 438+03, Bitcoin once broke through the $64,000 mark, reaching a maximum of $64,778. Since then, bitcoin has fallen for several days.
Zhejiang Daily-plunge 15%! Bitcoin staged a crash market.