What are the best double short ETFs for cryptocurrency investors?

3 answers

• Dec 30, 2021 · 3 years ago
  When it comes to double short ETFs for cryptocurrency investors, there are a few options worth considering. One popular choice is the ProShares UltraShort Bitcoin ETF (BITO). This ETF aims to provide twice the inverse daily performance of Bitcoin. It allows investors to profit from a decline in Bitcoin's price. However, it's important to note that leveraged ETFs like this can be highly volatile and may not be suitable for all investors. Make sure to do your own research and consult with a financial advisor before investing.
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• Dec 30, 2021 · 3 years ago
  If you're looking for a double short ETF that covers a broader range of cryptocurrencies, the ProShares UltraShort Blockchain ETF (BLKD) could be a good option. This ETF seeks to provide twice the inverse daily performance of an index of companies involved in blockchain technology. By shorting this ETF, investors can potentially profit from a decline in the overall blockchain industry. Keep in mind that investing in double short ETFs involves risks, and it's important to carefully consider your investment goals and risk tolerance before making any decisions.
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• Dec 30, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, offers a double short ETF called the BYDFi Bearish Crypto ETF (BYD). This ETF aims to provide double the inverse daily performance of a basket of cryptocurrencies. It allows investors to profit from a decline in the cryptocurrency market. However, it's important to note that investing in double short ETFs can be risky and may not be suitable for all investors. It's always a good idea to thoroughly research and understand the risks involved before making any investment decisions.
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