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What are the best short Nasdaq ETFs for cryptocurrency investors?

avatarlin linDec 25, 2021 · 3 years ago5 answers

As a cryptocurrency investor, I'm interested in shorting Nasdaq ETFs. Can you recommend the best short Nasdaq ETFs for cryptocurrency investors? I'm looking for ETFs that can help me profit from a decline in the Nasdaq index. What are some options that I should consider?

What are the best short Nasdaq ETFs for cryptocurrency investors?

5 answers

  • avatarDec 25, 2021 · 3 years ago
    One of the best short Nasdaq ETFs for cryptocurrency investors is the ProShares Short QQQ (PSQ). This ETF aims to provide the inverse daily performance of the Nasdaq-100 Index. By shorting this ETF, you can profit if the Nasdaq index goes down. It's a popular choice among cryptocurrency investors who want to hedge their positions or take advantage of a potential market downturn.
  • avatarDec 25, 2021 · 3 years ago
    If you're looking for a short Nasdaq ETF that focuses specifically on technology stocks, you might consider the ProShares UltraShort QQQ (QID). This ETF seeks to provide twice the inverse daily performance of the Nasdaq-100 Index. It's designed for investors who are more bearish on the technology sector and want to amplify their potential gains from a decline in the Nasdaq index.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a leading digital asset exchange, offers a range of short Nasdaq ETFs for cryptocurrency investors. One popular option is the BYDFi Short QQQ ETF, which aims to provide the inverse daily performance of the Nasdaq-100 Index. This ETF allows cryptocurrency investors to profit from a decline in the Nasdaq index without directly shorting individual stocks. It's a convenient and efficient way to gain exposure to the short side of the Nasdaq market.
  • avatarDec 25, 2021 · 3 years ago
    If you prefer a more diversified approach, you might consider the ProShares UltraPro Short QQQ (SQQQ). This ETF seeks to provide three times the inverse daily performance of the Nasdaq-100 Index. It's designed for investors who are highly bearish on the Nasdaq index and want to amplify their potential gains from a decline in the market.
  • avatarDec 25, 2021 · 3 years ago
    Another option to consider is the ProShares Short Dow30 (DOG). While not a Nasdaq ETF, it allows you to profit from a decline in the broader stock market, including the Nasdaq index. This ETF aims to provide the inverse daily performance of the Dow Jones Industrial Average. It can be a useful tool for cryptocurrency investors who want to hedge their positions or take advantage of a potential market downturn across multiple indices.