Which ETFs allow shorting Bitcoin?
TebarekDec 25, 2021 · 3 years ago3 answers
Can you provide a list of ETFs that allow shorting Bitcoin? I'm interested in finding out which ETFs offer the option to short Bitcoin.
3 answers
- Dec 25, 2021 · 3 years agoSure! There are several ETFs that allow shorting Bitcoin. One popular option is the ProShares Short Bitcoin ETF (ticker: SBTC). This ETF is designed to provide inverse exposure to the daily performance of Bitcoin, allowing investors to profit from a decline in Bitcoin's price. Another ETF that offers shorting Bitcoin is the Direxion Daily Bitcoin Bear 1X Shares (ticker: BTCS). It aims to achieve the opposite of Bitcoin's daily performance, providing a 1x inverse return. These are just a couple of examples, but there are other ETFs available in the market that also allow shorting Bitcoin.
- Dec 25, 2021 · 3 years agoAbsolutely! If you're looking to short Bitcoin through an ETF, you have a few options. One of them is the ProShares Short Bitcoin ETF (SBTC). This ETF is designed to provide the inverse performance of Bitcoin on a daily basis, which means it aims to go up when Bitcoin goes down. Another option is the Direxion Daily Bitcoin Bear 1X Shares (BTCS), which also offers inverse exposure to Bitcoin's daily performance. These ETFs can be a convenient way to take a short position on Bitcoin without actually owning the cryptocurrency.
- Dec 25, 2021 · 3 years agoCertainly! When it comes to shorting Bitcoin through ETFs, one option you can consider is the ProShares Short Bitcoin ETF (SBTC). This ETF is specifically designed to provide investors with the ability to profit from a decline in Bitcoin's price. Another ETF worth mentioning is the Direxion Daily Bitcoin Bear 1X Shares (BTCS), which aims to achieve the opposite of Bitcoin's daily performance. It's important to note that while these ETFs allow shorting Bitcoin, they come with their own risks and considerations. As always, it's recommended to do thorough research and consult with a financial advisor before making any investment decisions.
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