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BITI-U

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--%
1d
1w
1m

Analysis and statistics

  • Open
    12.0875$
  • Previous Close
    11.9573$
  • 52 Week Change
    --
  • Day Range
    0.13$
  • 52 Week High/Low
    --
  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

BITI-U.TO is a Canadian-listed exchange-traded fund (ETF) that offers inverse exposure to Bitcoin. Specifically, it aims to deliver the inverse of the daily performance of the Bitcoin price. This means that if Bitcoin's price decreases, BITI-U.TO is designed to increase in value, and vice versa. Investors use inverse ETFs like BITI-U.TO to potentially profit from short-term Bitcoin price declines or to hedge existing Bitcoin holdings. It is important to understand that due to compounding, the inverse relationship is generally only accurate for a single day and results can vary significantly over longer periods.
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Factors

Bitcoin Price: BITI-U.TO is designed to move inversely to Bitcoin's price. A decrease in Bitcoin's price typically leads to an increase in BITI-U.TO's price, and vice versa.

Management Fees & Expenses: The fund's operating expenses, including management fees, indirectly impact its price by slightly reducing returns over time.

Trading Volume & Liquidity: Higher trading volume and liquidity generally result in a tighter bid-ask spread, allowing investors to buy and sell shares more easily and at fairer prices.

Market Sentiment: Overall investor sentiment towards Bitcoin and cryptocurrency markets can influence demand for inverse ETFs like BITI-U.TO.

Regulatory Environment: Changes in regulations regarding Bitcoin or inverse ETFs can affect investor confidence and trading activity, impacting the price of BITI-U.TO.

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