Yes, there have been a lot of hot topics in the currency circle recently. Factors such as the listing of coinbase, BNB, and the surge of Dogecoin have caused a piece of valuable information to be obscured: the world's first inverse Bitcoin ETF has been listed on the Toronto Exchange. This will

Offers investors a way to short Bitcoin without using a margin account or shorting futures.

Horizons ETF announced the launch of the BetaPro Bitcoin ETF (ticker HBIT) and the BetaPro Inverse Bitcoin ETF (ticker BITI).

The ETFs were listed on the Toronto Stock Exchange (TSX) on April 15.

HBIT and BITI provide long and inverse exposure to the Horizons Bitcoin Front Month Rolling Futures Index, respectively.

BITI is the world's first ETF to provide inverse Bitcoin futures exposure.

A statement from Steve Hawkins, CEO of Horizons ETF, shows that the inverse Bitcoin ETF it launched allows investors to establish short positions in Bitcoin futures; the sister product BetaPro Bitcoin ETF (code: HBIT) was launched at the same time

A 1.00% fee will be charged and Bitcoin futures will be tracked.

This means that purchasing HBIT and BITI is as simple as buying stocks and other ETFs through a broker, which does not require investors to open a separate cryptocurrency account.

Additionally, BITI will provide investors with a way to short Bitcoin without using a margin account or shorting futures.

Notably, the SEC has rejected all Bitcoin ETF applications since 2013, citing concerns over manipulation and criminal conduct.

Canadian regulators are much more relaxed than the United States in approving ETFs tracking Bitcoin and SPACs.

Less than two months ago, North America's first Bitcoin ETF was listed in Toronto, with assets reaching US$1 billion, or approximately 1.25 billion Canadian dollars.

At the same time, applications for the U.S. Standard Bitcoin ETF are also increasing, with at least eight companies currently participating in the bid, including Fidelity Investments Inc. and Galaxy Digital Holdings Ltd.

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Companies that get approval first are likely to face overwhelming demand, prompting issuers to keep submitting applications.

Extended information: Bitcoin plummeted by US$8,000: At around 11:00 am on April 18, Bitcoin, which has continued to be bullish recently, crashed and plummeted by nearly US$8,000 within an hour.

A crash-like market situation: 10:18 minutes: Bitcoin fell below $59,000 per coin, the first time since April 11.

11:20 minutes: Bitcoin continues to decline, falling below $58,000 per coin.

11:22 minutes: Bitcoin fell below US$55,000 per coin, falling more than 8% during the day; Ethereum fell below US$2,150 per coin, and Ripple fell more than 13% to US$1.34 per coin.

11:36 minutes: Bitcoin fell below $52,000 per coin, with an intraday drop of more than 15%.

It is worth mentioning that Bitcoin has continued to strengthen recently after exceeding US$60,000. On April 13, Bitcoin once exceeded the US$64,000 mark, reaching a maximum of US$64,778. Since then, Bitcoin has fallen back for several consecutive days.