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BetaPro ETFs
A daily inverse fund: resets daily, built for short holding periods. Fee 1.45% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Leveraged inverse exposure to the underlying crypto asset. This fund is built for amplified inverse daily moves. Daily reset and compounding can produce longer-period results that differ materially from a simple opposite multiple of the reference market.
| Leverage | daily reset | risk↓ |
| Fee | 1.45% per year | costs↓ |
| Currency | CAD-unhedged | facts↓ |
| Wrapper | Inverse | holdings↓ |
Targets the inverse of the daily move of bitcoin and resets each day. Over longer periods, returns can differ materially from the inverse of the price move. Crypto prices are highly volatile.
Source: fund provider disclosure.
The management fee was 1.45% a year, or about $145 for every $10,000 held. Daily-reset leverage adds borrowing and derivative costs that are reflected in the fund's returns rather than in this fee. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
How durable the fund is, and what moved its price.
| Assets | $24M· net assets |
| Listed | 2021· 5 years of history |
| Leverage / overlay | inverse (daily reset) |
What moved the price
| Ticker | BITI.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Cryptocurrency |
| Structure | Inverse |
| Theme | Bitcoin |
| Provider | BetaPro ETFs |
| Mgmt fee | 1.45% |
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Prices as of last close.
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