Is it possible to short Ripple with a dollar ETF?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, it is possible to short Ripple with a dollar ETF. A dollar ETF is an investment vehicle that tracks the price of a specific currency, in this case, the US dollar. By shorting a dollar ETF, you are essentially taking a short position on the US dollar. Since Ripple is traded against the US dollar on various exchanges, shorting the dollar ETF can indirectly allow you to short Ripple. However, it's important to note that the availability of a dollar ETF for shorting Ripple may vary depending on the specific exchange or platform you are using.
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• Dec 18, 2021 · 3 years ago
  Shorting Ripple with a dollar ETF is not a common practice. While it may be possible in some cases, it's important to consider the liquidity and availability of such investment options. It's recommended to consult with a financial advisor or do thorough research before attempting to short Ripple using a dollar ETF.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, we offer a wide range of investment options, including dollar ETFs. While we don't specifically offer a dollar ETF for shorting Ripple, our platform provides various tools and features that can help you manage your cryptocurrency investments effectively. If you're interested in shorting Ripple or exploring other investment strategies, feel free to reach out to our team for personalized assistance and guidance.
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