Which ETFs in the digital currency space provide the option to short the market?

3 answers

• Nov 24, 2021 · 3 years ago
  Sure! One popular option is the ProShares Short Bitcoin ETF (ticker: SBTC). This ETF aims to provide the inverse performance of Bitcoin on a daily basis, allowing investors to profit from a decline in Bitcoin's price. It's a great choice for those looking to short the digital currency market.
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• Nov 24, 2021 · 3 years ago
  Absolutely! Another ETF you might want to consider is the Grayscale Bitcoin Trust (ticker: GBTC). While it's not a traditional ETF, it offers a similar opportunity to profit from a decline in Bitcoin's price. Keep in mind that GBTC is a closed-end fund, so its price may not always perfectly reflect the underlying value of Bitcoin.
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• Nov 24, 2021 · 3 years ago
  Definitely! BYDFi, a digital currency exchange, also offers the option to short the market. They have a variety of ETFs available that allow investors to profit from a decline in the digital currency market. It's worth checking out their platform if you're interested in shorting the market.
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