How does inverse tesla ETF affect the price of digital currencies?

1 answers

• Dec 27, 2021 · 3 years ago
  As a representative from BYDFi, I can say that the inverse tesla ETF can have an impact on the price of digital currencies. When the ETF takes a short position on tesla, it can create selling pressure on the stock, which may lead to a decrease in tesla's price. This decrease in tesla's price can indirectly affect the price of digital currencies, as they are often correlated with the stock market. However, it's important to note that the impact may vary depending on the specific digital currencies and their relationship with tesla. Investors should carefully analyze the market and consider multiple factors before making any investment decisions.
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