Bearish Options Traders Target a Bitcoin ETF to Capitalize on the Fall in Crypto
May 27, 2022 at 16:48 PM EDT
Bitcoin futures-related exchange traded funds are turning heads, and even the recent plunge in cryptocurrency prices attracted even more bearish options traders to the bitcoin ETFs to capitalize on the short trade. The ProShares Bitcoin ETF (BITO) declined 36.9% year-to-date, following the fall off...