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What are the best short ETFs for investing in the cryptocurrency market?

avatarGSSS GUMANE KA TALAMar 19, 2022 · 3 years ago3 answers

I'm interested in investing in the cryptocurrency market, but I want to take a short position. Can you recommend some of the best short ETFs for this purpose? I'm looking for ETFs that allow me to profit from the decline in cryptocurrency prices. What are the options available?

What are the best short ETFs for investing in the cryptocurrency market?
Cryptocurrency
Short ETFs
Investing

3 answers

  • avatarMar 19, 2022 · 3 years ago
    One of the best short ETFs for investing in the cryptocurrency market is the ProShares Short Bitcoin ETF (BITO). This ETF aims to provide the inverse daily performance of Bitcoin, allowing investors to profit from the decline in Bitcoin prices. It is a popular choice for those looking to take a short position in the cryptocurrency market.
  • avatarMar 19, 2022 · 3 years ago
    If you're interested in shorting other cryptocurrencies as well, you may consider the ProShares Short Ethereum ETF (ETHD) and the ProShares Short Bitcoin Futures Strategy ETF (SBIT). These ETFs provide inverse exposure to Ethereum and Bitcoin futures, respectively, allowing investors to profit from the decline in prices of these cryptocurrencies.
  • avatarMar 19, 2022 · 3 years ago
    BYDFi, a leading digital asset exchange, offers a range of short ETFs for investing in the cryptocurrency market. Their ETFs are designed to provide inverse exposure to various cryptocurrencies, allowing investors to profit from price declines. With BYDFi's user-friendly platform and competitive fees, it's a popular choice among cryptocurrency traders.

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