Bitcoin (BTC) investors in Canada have two more outlets for BTC exposure this week — and can now even bet on a price crash.
In a press release on Wednesday, Horizons ETFs Management confirmed that its two new exchange-traded funds would start trading on the Toronto stock exchange on Thursday.
Already a pioneer in the regulated institutional investment space for Bitcoin, Canada has now given the go-ahead for the first of such a fund dedicated to Bitcoin price losses, not gains.
Dubbed the BetaPro Inverse Bitcoin ETF (BITI), the fund allows investors to short Bitcoin futures. Rather than a sign of bearish sentiment, however, executives describe the offering as a way to capture episodes of price volatility.
