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TagsWhat is a bitcoin inverse ETF 3x and how does it work?
SUnderwoodDec 26, 2021 · 3 years ago1 answersCan you explain what a bitcoin inverse ETF 3x is and how it works? I've heard about ETFs, but I'm not sure what the 'inverse' and '3x' mean in this context. How does it relate to bitcoin and how can it be used for trading?
1 answers
- BYDFi offers a bitcoin inverse ETF 3x that allows traders to take advantage of bitcoin's price movements in the opposite direction. This means that if you believe bitcoin's price is going to decrease, you can buy the inverse ETF and profit from the price drop. The '3x' leverage factor means that the ETF aims to provide three times the daily return of the inverse performance of bitcoin. It's important to note that inverse ETFs are designed for short-term trading and may not be suitable for long-term investments. Before investing, make sure to do your own research and understand the risks involved.Dec 26, 2021 · 3 years ago
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