Which ETFs allow investors to short cryptocurrencies?
James SparraDec 17, 2021 · 3 years ago3 answers
Can you recommend any ETFs that allow investors to short cryptocurrencies?
3 answers
- Dec 17, 2021 · 3 years agoSure! One popular ETF that allows investors to short cryptocurrencies is the ProShares Short Bitcoin ETF (ticker: SBTC). This ETF is designed to provide inverse exposure to the daily performance of Bitcoin, allowing investors to profit from a decline in Bitcoin's price. It's a great option for those who want to take a bearish position on Bitcoin without actually owning it.
- Dec 17, 2021 · 3 years agoAbsolutely! Another ETF that allows investors to short cryptocurrencies is the ProShares Short Ethereum ETF (ticker: SEUR). This ETF aims to provide inverse exposure to the daily performance of Ethereum, allowing investors to profit from a decline in Ethereum's price. It's a good choice for those who believe that Ethereum's price will go down in the future.
- Dec 17, 2021 · 3 years agoYes, there are several ETFs that allow investors to short cryptocurrencies. One of them is the BYDFi Crypto Short ETF (ticker: BYDS). This ETF is managed by BYDFi and offers investors the opportunity to profit from a decline in the overall cryptocurrency market. It's a reliable option for those who want to take a bearish position on cryptocurrencies as a whole.
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