Short borrow rates for the new Bitcoin ETFs

[FSU]

Shorting the new Bitcoin ETFs will cost you some money. Borrow rates currently around 50%, if you can get availability. BTCO IBIT, HODL, BRRR all about the same rate. Guessing there is limited availability as these just became available, so hopefully it will drop soon.

 

[Robert Morse]

BITI is an inverse.

 

[Covertibility]

https://twitter.com/x/status/1745811530581479931

Given that, would short the magic internet monies ?

 

[ajacobson]

It should decline as stuff settles.

 

[Robert Morse]

If you want to avoid these fees for BTC and ETH, you can short the future or micro future for these on the CME.

Shorting the new Bitcoin ETFs will cost you some money. Borrow rates currently around 50%, if you can get availability. BTCO IBIT, HODL, BRRR all about the same rate. Guessing there is limited availability as these just became available, so hopefully it will drop soon.

 

[ajacobson]

The borrow/lend rates would be baked into every cash or derivative. Otherwise, there would a fairly riskless arbs - not retail, but for the arb folks.

 

[nitrene]

https://twitter.com/x/status/1745811530581479931

Given that, would short the magic internet monies ?

The r/WSB crowd will be all over this tweet saying to inverse Cramer and go long.

 

[wxytrader]

BITI is an inverse.

BITI is futures not spot....and terrible spread for options. However I think I asked this...can one long BITO shares and long BITI shares and not be considered a box trade?

(Edited)

 

[Robert Morse]

Not a Box trade and BITI is an ETF listed on ARCA- Short Bitcoin Strategy ETF - https://www.proshares.com/our-etfs/leveraged-and-inverse/biti

BITI is futures not spot....and terrible spread for options. However I think I asked this...can one long BITO shares and short BITI shares and not be considered a box trade?

 

[wxytrader]

Not a Box trade and BITI is an ETF listed on ARCA- Short Bitcoin Strategy ETF - https://www.proshares.com/our-etfs/leveraged-and-inverse/biti

What I said made no sense because BITI is an inverse lol...I meant long BITO and long BITI.