{"id":471314,"date":"2022-07-06T18:10:00","date_gmt":"2022-07-06T15:10:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/worlds-first-short-bitcoin-etf-sees-exposure-explode-300-in-days\/"},"modified":"2022-07-06T18:10:00","modified_gmt":"2022-07-06T15:10:00","slug":"worlds-first-short-bitcoin-etf-sees-exposure-explode-300-in-days","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/worlds-first-short-bitcoin-etf-sees-exposure-explode-300-in-days\/","title":{"rendered":"# World&#8217;s first short Bitcoin ETF sees exposure explode 300% in days"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26b4fe8192a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26b4fe8192a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/worlds-first-short-bitcoin-etf-sees-exposure-explode-300-in-days\/#%E2%80%9D_Worlds_first_short_Bitcoin_ETF_sees_exposure_explode_300_in_days_%E2%80%9C\" >&#8221; World&#8217;s first short Bitcoin ETF sees exposure explode 300% in days &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/worlds-first-short-bitcoin-etf-sees-exposure-explode-300-in-days\/#Shorting_Bitcoin_is_the_name_of_the_game\" >Shorting Bitcoin is the name of the game<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/worlds-first-short-bitcoin-etf-sees-exposure-explode-300-in-days\/#Business_or_lack_of_as_usual_for_GBTC\" >Business (or lack of) as usual for GBTC<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Worlds_first_short_Bitcoin_ETF_sees_exposure_explode_300_in_days_%E2%80%9C\"><\/span>&#8221; World&#8217;s first short Bitcoin ETF sees exposure explode 300% in days &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) remains a popular institutional investment target in July, but the money is not betting on a bright future.<\/p>\n<p>According to data from research firm Arcane Research published July 6, institutional flows focused on products offering exposure to shorting BTC in the first week of the month.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shorting_Bitcoin_is_the_name_of_the_game\"><\/span>Shorting Bitcoin is the name of the game<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Since launching in the United States in late June, the ProShares Short Bitcoin Strategy ETF (BITI), the first exchange-traded fund (ETF) to be &#8220;short&#8221; BTC, has proved a hit.<\/p>\n<p>That trend has only accelerated in July, with short exposure jumping over 300% in days, data confirms.<\/p>\n<p>&#8220;BITI, the first inverse BTC ETF, grew further last week,&#8221; Arcane <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ArcaneResearch\/status\/1544600677946720256\/photo\/1\">summarized<\/a> in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> comments. <\/p>\n<blockquote><p>&#8220;After becoming the second-largest bitcoin-related BTC ETF in the U.S. after only four days of trading, the net short exposure has grown further and increased by more than 300% last week.&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/4a711700-da68-42cb-82f8-4ce2341f7e5e.png\"><figcaption style=\"text-align: center;\"><em>ProShares Short Bitcoin Strategy ETF (BITI) exposure chart. Source: Arcane Research\/ Twitter<\/em><\/figcaption><\/figure>\n<p>The timing for BITI in the U.S. is conspicuous in itself, coming as BTC\/USD plumbed multi-year lows of $17,600.<\/p>\n<p>As Cointelegraph reported, expectations among analysts remain skewed to the downside, and the BITI inflows <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to confirm that institutional sentiment is likewise.<\/p>\n<p>Separate data <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.coinshares.com\/volume-87-digital-asset-fund-flows-weekly-report-ef9a4c955c32\">published<\/a> by\u00a0digital asset investment firm\u00a0CoinShares on July 4, meanwhile, put weekly inflows into Short BTC products at $51 million \u2014 easily the majority of the week&#8217;s total of $64 million.<\/p>\n<p>While long BTC investments were just $20 million, CoinShares nonetheless highlighted persisting demand for such products despite shorts stealing the limelight.<\/p>\n<p>&#8220;This highlights investors are adding to long positions at current prices, with the inflows into short-Bitcoin possibly due to first-time accessibility in the US rather than renewed negative sentiment,&#8221; it wrote.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Business_or_lack_of_as_usual_for_GBTC\"><\/span>Business (or lack of) as usual for GBTC<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Testing times, meanwhile, remain for the stalwart institutional Bitcoin investment vehicle, the Grayscale Bitcoin Trust (GBTC).<\/p>\n<p><strong><em>Related:\u00a0Bitcoin price approaches potential springboard to $23K as DXY cools surge<\/em><\/strong><\/p>\n<p>After U.S. regulators rejected Grayscale&#8217;s application to convert the Trust to a Bitcoin spot ETF, the firm began legal action, a sign of the frustration facing an industry dealing with both regulatory scrutiny and declining asset prices.<\/p>\n<p>The so-called GBTC premium, the difference between Bitcoin spot price and shares of GBTC, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/Grayscale\">has<\/a> been negative for over a year, at several points becoming a more than 30% discount.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/f0f81101-22be-402d-856a-d0d2d42b280a.png\"><figcaption style=\"text-align: center;\"><em>GBTC premium vs. asset holdings vs. BTC\/USD chart. Source: Coinglass<\/em><\/figcaption><\/figure>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/world-s-first-short-bitcoin-etf-sees-exposure-explode-300-in-days\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; World&#8217;s first short Bitcoin ETF sees exposure explode 300% in days &#8220; Bitcoin (BTC) remains a popular institutional investment target in July, but the money is not betting on a bright future. According to data from research firm Arcane Research published July 6, institutional flows focused on products offering exposure to shorting BTC in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":471315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvMDI3MzdjMzctYTU5Yi00YmU1LWE0NDUtZDM1NTUwZDYwNTFkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,75849,73785],"class_list":["post-471314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-etf","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/471314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=471314"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/471314\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/471315"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=471314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=471314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=471314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}