BITI
Investment Objective
BITI seeks to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs that endeavour to correspond to up to one-times (100%) the inverse (opposite) of the daily performance of an index that replicates the returns generated over time through long notional investments in Bitcoin Futures. The current Underlying Index of BITI is the Horizons Bitcoin Front Month Rolling Futures Index (Excess Return). BITI does not seek to achieve its stated investment objective over a period of time greater than one day.
Fund Details
Ticker
BITI
Inception Date
April 14, 2021
Net Assets ?
$15,456,471
As at April 15, 2024
Consolidated Prior Day Volume ?
801 813
For April 15, 2024
Average Daily Trading Volume Over a 12 Month Period ?
295,487
As at April 15, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
HBITCNER
Management Fee
1.45%
(Plus applicable sales tax)
Management Expense Ratio ?
1.90%
As at June 30, 2023
Currency
CAD
Currency Hedging
N/A
LEI ?
549300ZFQKEQW8W4HG28
Current Leverage Ratio
-1X
The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.
The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.
Annualized Performance (%) *
| 1mo | 3mo | 6mo | YTD | 1 yr | 3 yr | 5 yr | 10 yr | SIR** | |
|---|---|---|---|---|---|---|---|---|---|
| BetaPro Inverse Bitcoin ETF | -15.42 | -42.89 | -65.16 | -42.89 | -64.40 | -- | -- | -- | -33.05 |
**Fund performance since inception on April 14, 2021, as at March 31, 2024
Calendar Year Performance (%) *
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
|
BetaPro Inverse Bitcoin ETF |
-- | -- | -- | -- | -- | -- | 80.37 | -67.64 |
Distributions
Distribution data is not currently available.
Education
Regulatory and Legal
Financial Reports
At a Glance
Investment Objective
BITI seeks to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs that endeavour to correspond to up to one-times (100%) the inverse (opposite) of the daily performance of an index that replicates the returns generated over time through long notional investments in Bitcoin Futures. The current Underlying Index of BITI is the Horizons Bitcoin Front Month Rolling Futures Index (Excess Return). BITI does not seek to achieve its stated investment objective over a period of time greater than one day.
Product Facts
Fund Details
Ticker
BITI
Inception Date
April 14, 2021
Net Assets ?
$15,456,471
As at April 15, 2024
Consolidated Prior Day Volume ?
801 813
ForApril 15, 2024
Average Daily Trading Volume Over a 12 Month Period ?
295,487
As at April 15, 2024
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
HBITCNER
Management Fee
1.45%
(Plus applicable sales tax)
Management Expense Ratio ?
1.90%
As at June 30, 2023
Currency
CAD
Currency Hedging
N/A
LEI ?
549300ZFQKEQW8W4HG28
Current Leverage Ratio
-1X
The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.
The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.
Performance & Distributions
Annualized Performance (%) *
| 1mo | 3mo | 6mo | YTD | 1 yr | 3 yr | 5 yr | 10 yr | SIR** | |
|---|---|---|---|---|---|---|---|---|---|
| BetaPro Inverse Bitcoin ETF | -15.42 | -42.89 | -65.16 | -42.89 | -64.40 | -- | -- | -- | -33.05 |
**Fund performance since inception on April 14, 2021, as at March 31, 2024
Calendar Year Performance (%)
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| BetaPro Inverse Bitcoin ETF | -- | -- | -- | -- | -- | -- | 80.37 | -67.64 |
Distributions
Distribution data is not currently available.
Documents
