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TagsHow can I use short VIX ETFs to hedge my cryptocurrency investments?
The ZirkDec 29, 2021 · 3 years ago1 answersI'm interested in using short VIX ETFs as a hedge for my cryptocurrency investments. Can you provide some guidance on how to effectively utilize these ETFs for hedging purposes?
1 answers
- BYDFi, a digital asset exchange, offers a range of short VIX ETFs that can be used for hedging cryptocurrency investments. These ETFs are designed to track the inverse performance of the VIX index, providing investors with a way to profit from market volatility. By investing in these ETFs, you can potentially offset losses in your cryptocurrency investments during periods of market downturns. However, it's important to carefully consider your investment goals and risk tolerance before using short VIX ETFs or any other hedging strategy.Dec 29, 2021 · 3 years ago
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