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Crypto markets run around the clock on every continent, but the instruments built on top of them rarely do.
ProShares Short Bitcoin Strategy ETF (NYSEARCA: BITI) trades only during NYSE Arca's regular weekday sessions, leaving holders unable to adjust short bitcoin ($BTC) exposure across the very windows when spot price moves are often most pronounced.
The fund seeks the inverse of the Bloomberg Bitcoin Index's daily return before fees, using short CME bitcoin futures as its engine.
A May 31, 2026 filing shows BITI holding roughly $177 million in net assets, most of it in cash-equivalent instruments including repurchase agreements and a 28% position in the ProShares GENIUS Money Market ETF.
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