BITI is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to one-times (100%) the inverse (opposite) of the daily performance of an index that seeks to replicate the returns generated over time through long notional investments in bitcoin futures. The Underlying Index of BITI is the Horizons Bitcoin Front Month Rolling Futures Index (Excess Return) (the 'Underlying Index'). BITI does not seek to achieve its stated investment objective over a period of time greater than one day
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