BetaPro Inverse Bitcoin ETF
BITI offers a unique opportunity to potentially profit from declining bitcoin prices without the need for a margin account, as well as allowing investors to hedge against downside risk in the cryptocurrency market.
BITI offers a strategic opportunity to take a directional view of the world’s oldest and largest digital currency, which can experience greater price volatility relative to equities and fixed-income investments.
BITI's structure as an ETF allows it to be held within registered accounts like RRSP, RESP, and TFSA, providing tax advantages and broader accessibility for investors seeking to diversify their portfolios, relative to investing in Bitcoin directly.
NAV
$5.12
$0.0394
0.78%
Volume Real-time volume on the Toronto Stock Exchange only
7,252
Price
$5.23
$0.11
2.15%
Last Close
$5.12
Prices delayed by 15 minutes.
Last Trade: May 8, 2024Risk Rating: Risk Rating is based on how much the ETF's returns have changed from year to year. It doesn't tell you how volatile the ETF will be in the future. The rating can change overtime. An ETF with a low risk rating can still lose money.
High
Ticker
BITI
CUSIP
086624103
Inception Date
April 14, 2021
Net Assets The value of all assets, less the value of all liabilities, at a particular point in time. (Includes all classes of this ETF)
$16,740,276
Consolidated Prior Day Volume The ETF’s aggregate volume traded on all Canadian exchanges
577,535
Average Daily Trading Volume Over a 12 Month Period The ETF’s aggregate average daily trading volume over a 12 month period traded on all Canadian exchanges
318,204
Exchange
Toronto Stock Exchange
Investment Manager
Global X Investments 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 Management expense ratio (“MER”) is based on total expenses, including sales tax, (excluding commissions and other portfolio transaction costs) for the stated period for each ETF and is expressed as an annualized percentage of each ETF’s daily average net asset value during the period. Out of its management fees, the Manager pays for such services to the ETF as investment manager compensation, service fees and marketing.
1.90% As at December 31, 2023
Trading Expense Ratio The trading expense ratio (“TER”) represents total commissions and other portfolio transaction costs incurred by each ETF expressed as an annualized percentage of each ETF’s daily average net asset value during the period.
3.03% As at December 31, 2023
Currency
CAD
Currency Hedging
N/A
LEI The LEI is the Legal Entity Identifier, which is an identification code under international standards for the accurate identification of legal entities like the ETF.
549300ZFQKEQW8W4HG28
As at May 7, 2024
NAV / Unit
$5.12
Price
$5.23
Premium Discount
$0.05
Premium Discount Percentage
0.99%
Outstanding Shares
4,185,000
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.
|
dates |
1 mo | 3 mo | 6 mo | YTD | 1 yr | 3 yr | 5 yr | 10 yr | SIR* |
|---|---|---|---|---|---|---|---|---|---|
| BetaPro Inverse Bitcoin ETF | 20.48 | -30.45 | -46.39 | -31.19 | -55.78 | -29.30 | - | - | -28.05 |
*Fund performance since inception on April 14, 2021, as at April 30, 2024
|
dates |
2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| BetaPro Inverse Bitcoin ETF | - | - | - | - | - | - | 80.37 | -67.64 |