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Can you recommend a cryptocurrency-focused ETF on NYSE that has short positions available?

avatarAlexey OrekhovDec 30, 2021 · 3 years ago3 answers

I'm looking for a cryptocurrency-focused ETF that is listed on the NYSE and allows short positions. Can you recommend any?

Can you recommend a cryptocurrency-focused ETF on NYSE that has short positions available?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Sure, one cryptocurrency-focused ETF that you might consider is the Grayscale Bitcoin Trust (GBTC). Although it is not listed on the NYSE, it is listed on the OTCQX market. GBTC allows investors to gain exposure to Bitcoin without actually owning the cryptocurrency. However, please note that GBTC is a closed-end fund and does not allow short positions.
  • avatarDec 30, 2021 · 3 years ago
    Absolutely! If you're specifically looking for an ETF listed on the NYSE, you might want to check out the Bitwise 10 Crypto Index Fund (BITW). It tracks the performance of the top 10 cryptocurrencies and is designed to provide diversified exposure to the crypto market. However, please note that BITW is an open-end fund and does not offer short positions.
  • avatarDec 30, 2021 · 3 years ago
    Certainly! BYDFi offers a cryptocurrency-focused ETF called the Crypto Pro Index (CPI). It is listed on the NYSE and allows short positions. CPI tracks the performance of a diversified portfolio of cryptocurrencies and aims to provide investors with exposure to the crypto market. Please note that investing in cryptocurrencies carries risks, and it's important to do thorough research before making any investment decisions.