馃殌 Bitcoin's march toward the $100,000 mark is sparking excitement across the crypto landscape! As BTC hovers between $90k and $100k, ProShares UltraShort Bitcoin ETF (SBIT) sees record trading volumes, with over 8 million shares traded on Nov. 13. 馃搱
The ETF, which offers a leveraged bearish bet on BTC, is gaining traction as investors hedge against potential price pullbacks. Notably, SBIT saw a $17.7 million net inflow recently, the highest since its April debut.
Meanwhile, optimism reigns as spot bitcoin ETFs have raked in over $2.5 billion since Nov. 13. What are your thoughts on BTC's journey to six figures? Let's discuss!