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What is the first short bitcoin to be listed on NYSE?

avatarShubham PradhanDec 18, 2021 · 3 years ago3 answers

Can you tell me which cryptocurrency became the first short bitcoin to be listed on the New York Stock Exchange (NYSE)? I'm curious to know the details about this historical event.

What is the first short bitcoin to be listed on NYSE?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Sure! The first short bitcoin to be listed on NYSE was the ProShares Short Bitcoin ETF. It made history by becoming the first publicly traded investment product that allows investors to short bitcoin. This ETF provides a way for investors to profit from a decline in the price of bitcoin, which was previously not possible on traditional stock exchanges. The listing of the ProShares Short Bitcoin ETF on NYSE marked a significant milestone in the integration of cryptocurrencies into mainstream financial markets.
  • avatarDec 18, 2021 · 3 years ago
    The first short bitcoin to be listed on NYSE was the ProShares Short Bitcoin ETF. This ETF allows investors to take a short position on bitcoin, meaning they can profit from a decline in its price. It's an interesting development because it provides an alternative way for investors to gain exposure to bitcoin without actually owning it. The listing of this ETF on NYSE shows the growing acceptance of cryptocurrencies in the traditional financial world.
  • avatarDec 18, 2021 · 3 years ago
    The ProShares Short Bitcoin ETF was the first short bitcoin to be listed on NYSE. This ETF allows investors to bet against the price of bitcoin, which means they can profit if the price of bitcoin goes down. It's an important addition to the NYSE because it provides investors with a new way to trade bitcoin. However, it's worth noting that the ProShares Short Bitcoin ETF is not available on BYDFi. If you're interested in trading this ETF, you'll need to look for other platforms that offer it.