On Tuesday, Proshares introduced two new offerings: the Ultra Bitcoin exchange-traded fund, sporting the ticker BITU, and the Ultrashort Bitcoin exchange-traded fund (ETF), known as SBIT. While BITU is designed to deliver two times the daily returns of bitcoin, SBIT is structured to produce double the inverse of bitcoin’s daily returns. Proshares Introduces Leveraged and […]
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PYTH price finally showed signs of life, climbing more than 16% after a major product launch. Yet despite the headline-grabbing announcement, the market’s reaction remains surprisingly muted.]]]]>]]>That’s the...
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