ProShares is launching a short bitcoin ETF this week

Eight months after establishing the first U.S. bitcoin futures ETF, ProShares plans to launch the first short bitcoin-linked ETF on Tuesday in the U.S.
The ProShares Short $Bitcoin(BTC.CC)$ Strategy is designed to give investors a way to profit from declines in the price of the cryptocurrency.
Bitcoin fell to new a new 2022 low over the weekend of $17,601.58, after six months of declines amid the broader sell-off in risk assets.