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BetaPro Inverse Bitcoin ETF

BITI.U

Reasons to Consider BITI.U

Inverse Bitcoin Exposure

BITI.U 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.

Taking Advantage of Volatility

BITI.U 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.

Eligible for Registered Accounts

BITI.U'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.

Investment Objective

BITI.U 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.U 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.

NAV

$3.64

$0.0457

1.27%

Volume

2,700

Price

$3.60

$-0.01

-0.28%

Last Close

$3.61

Prices delayed by 15 minutes.

Last Trade: June 21, 2024
Alternatives
Cryptocurrency
Leveraged & Inverse
BetaPro

Risk Rating:

High

Product Details

Fund Details

Ticker

BITI.U

CUSIP

086624103

Inception Date

April 14, 2021

Net Assets

$13,670,123 As at June 21, 2024

Consolidated Prior Day Volume

3,600

Average Daily Trading Volume Over a 12 Month Period

10,571

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

1.90% As at December 31, 2023

Trading Expense Ratio

3.03% As at December 31, 2023

Currency

USD

Currency Hedging

N/A

LEI

549300ZFQKEQW8W4HG28

Price and NAV

As at June 21, 2024

NAV / Unit

$3.64

Closing Price

$3.66

Premium Discount

$0.02

Premium Discount Percentage

0.66%

Outstanding Shares

3,760,000

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.

Annualized Performance (%)

dates

1 mo 3 mo 6 mo YTD 1 yr 3 yr 5 yr 10 yr SIR*
BetaPro Inverse Bitcoin ETF -13.73 -13.33 -49.00 -42.86 -65.03 -43.27 - - -32.82

*Fund performance since inception on April 14, 2021, as at May 31, 2024

Calendar Year Performance (%)

dates

2016 2017 2018 2019 2020 2021 2022 2023
BetaPro Inverse Bitcoin ETF - - - - - - 68.51 -66.93
Commissions, management fees, and expenses all may be associated with an investment in products (the "Global X Funds") managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.

Global X Investments Canada Inc. ("Global X") is a wholly owned subsidiary of Mirae Asset Global Investments Co., Ltd. ("Mirae Asset"), the Korea-based asset management entity of Mirae Asset Financial Group. Global X is a corporation existing under the laws of Canada and is the manager, investment manager and trustee of the Global X Funds.

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