With Middle East tensions boiling over, Bitcoin is slipping from its record highs.
Last trading at $63,553.40, it was down $2,223.30 as of yesterday’s close.
With it likely to fall further on geopolitical issues, one way to trade the downfall is with the ProShares Short Bitcoin (BITI). If you believe Bitcoin will drop in price as it has been doing, or if you want to hedge a long bet, there’s also the ProShares Short Bitcoin. This one follows the S&P CME Bitcoin Futures Index, with profitability computed daily (before fees and expenses) as the inverse (-1x) of the index’s daily performance. BITI has an expense ratio of 0.97%.