An ETF that will allow investors to bet against bitcoin is set to launch this week as the cryptocurrency plunges 70% from its peak

An ETF that will allow investors to bet against bitcoin is set to launch this week as the cryptocurrency plunges 70% from its peak

Investors will now have the opportunity to short bitcoin via an ETF launched by ProShares. The ProShares Short Bitcoin Strategy ETF will allow investors to profit from a decline in the cryptocurrency. The launch comes as bitcoin is in a deep bear market, having traded down more than 70% from its peak. Get the inside scoop on what traders are talking about — delivered daily to your inbox. Loading Something is loading.

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