• Proshares ETFs will launch a new product that will allow investors to sell bitcoin.
  • Proshares previously launched the Proshares Bitcoin Strategy ETF, which also trades futures contracts.
  • Bitcoin reached its all-time high days after the release of its original ETF as this short ETF was released under difficult market conditions.

Proshares, a provider of exchange-traded funds (ETFs), will release the Short Bitcoin Strategy ETF (NYSE: BITI) on June 21, which will allow investors to bet against Bitcoin through the use of futures contracts.

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