World’s first Bitcoin shorting inverse tracker launched in Europe

World’s first Bitcoin shorting inverse tracker launched in Europe

Swiss fintech firm Amun AG is launching the 21Shares Short Bitcoin ETP (SBTC) on the Swiss Stock Exchange (SIX). It will give investors exposure to both bullish and bearish market movements of Bitcoin for the first time. Encouraging institutional investors to short the cryptocurrency may not be very positive for prices but a similar thing happened when CME and CBOE launched their products.