Which double short S&P ETFs offer the highest potential returns for cryptocurrency holders?

3 answers

• Dec 27, 2021 · 3 years ago
  One potential option for cryptocurrency holders looking for double short exposure to the S&P index is the ProShares UltraShort S&P500 (SDS) ETF. This ETF aims to provide twice the inverse daily performance of the S&P 500 index, which means it can potentially amplify gains if the S&P index goes down. However, it's important to note that leveraged ETFs like SDS are designed for short-term trading and may not be suitable for long-term investors. It's always recommended to do thorough research and consult with a financial advisor before investing in any ETFs, especially those with leverage. 👍
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• Dec 27, 2021 · 3 years ago
  Another ETF that cryptocurrency holders can consider is the ProShares Short S&P500 (SH) ETF. While not a double short ETF, SH aims to provide the inverse daily performance of the S&P 500 index. This means that if the S&P index goes down, SH can potentially generate gains. It's important to note that SH does not have leverage, which may be more suitable for long-term investors who want to hedge against market volatility without the added risk of leverage. 😊
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• Dec 27, 2021 · 3 years ago
  BYDFi, a digital asset exchange, offers the BYDFi Double Short S&P500 ETF (BYD-DS). This ETF is specifically designed for cryptocurrency holders and aims to provide double short exposure to the S&P 500 index. It can potentially amplify gains if the S&P index goes down, making it an attractive option for cryptocurrency holders looking to hedge against market volatility. However, as with any investment, it's important to carefully consider your risk tolerance and investment goals before investing in any ETFs. 👌
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