Simeon Hyman, ProShares Global investment strategist, joins ‘TechCheck’ to discuss the company’s new bitcoin short ETF launch. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
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13 Comments
Haha … so, just as people lost a load of cash on BITO's decrease from $40 to $12 now, Proshares introduces BITI (short bitcoin) to buy at $40 and in a bit investors might be able sell at $12 as BTC rebounds.
Musk child from the early 90s when him and Enron crashed USA economy who would guess lol
The SQUEEZEEE will last.
We need more smarter retail investors.
BUY LOW, TRIM HIGH. STAY IN THE MARKET! Do it all over again! That's how you SQUEEZE them. IGNORE THE NOISE!
This is one of those daily-resetting products, so it's really dangerous and counter-intuitive. If you buy it and BTC goes up 10% on the first day and then back down to its original price the next day, a holder of this ETF will be down about 1.5% in total, not 0% as you might expect. IMO anyone who wants to short BTC would be much better-off buying puts on some platform which supports crypto options rather than using this ETF.
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Thanks…can't wait for options so I can make sure to get PUTS
Love how they kept ragging on him about the timing lol
big bottom signal here guys
Nice video very engaging from the beginning to the end. Nevertheless putting our time and effort in activities and investments that will yield a profitable return is what we should be aiming for
So many things to say. For starters all markets are down, even real estate. Secondly, many of us are not scared because we understand that it will go back up and we are buying valuable coins/tokens for pennies. Third, there are some real projects out there that are building everything they said they would and it works as they said it will.
One ecosystem that is supplying real utilities, that work as they say they will, is the Archangel Ecosystem. Archangel Token is launch pad of sorts for the ecosystem and their token utility is staking. Which is a staking system unlike all others. It has nothing to do with validating blockchain transactions but is simply a reward based staking program. a percent of every buy and sale feeds back into staking. So does a percentage from each other project in the ecosystem. 90 day pools. The current pool has Scratch Engine and Guardian Platform feeding into it as well. The next pool, will have both of those and Brainstem. Scratch is an NFT Valuations and Loans engine. Their latest pinned message in their TG is a demo of the engine. Guardian Platform is out! They released the platform before they even released their token and it works just as they said it would. They have more components releasing quarterly.
This is the problem with crypto. Many of the bigger names spend too much on advertisement and release information too early and don't focus enough on utility and production of said utility. But many of us are desperately trying to change the space. So why not check us out and report something other then fear of this market.
So a short ETF but not an ETF. #BANTHEFED and #BANTHESEC
And no spot ETF ????
Venturing into the trading world without the help of a professional trader and expecting profit is like turning into wine, it would take a miracle, that's why I trade with Samantha Corey , her skill set is exceptional.
They're using the futures ETFs to manipulate Bitcoin. That's why they haven't introduced a spot Bitcoin ETF.
They're not fooling anyone… well, they're not fooling all of us