What are the best short the market ETF options for cryptocurrency investors?

3 answers

• Dec 28, 2021 · 3 years ago
  As a cryptocurrency investor, shorting the market can be a great way to hedge your positions and potentially profit from market downturns. When it comes to ETF options for shorting the cryptocurrency market, there are a few options to consider. One popular option is the ProShares Short Bitcoin ETF (ticker: BITO), which aims to provide inverse exposure to the performance of Bitcoin. Another option is the ProShares Short Ethereum ETF (ticker: ETHX), which provides inverse exposure to the performance of Ethereum. These ETFs can be traded on major exchanges and offer a convenient way to short the cryptocurrency market.
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• Dec 28, 2021 · 3 years ago
  If you're looking for a more diversified approach to shorting the cryptocurrency market, you might consider the Direxion Daily MSCI Emerging Markets Bear 3X Shares ETF (ticker: EDZ). This ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the MSCI Emerging Markets Index. While it's not directly focused on cryptocurrencies, it can provide exposure to emerging markets, which often have a strong correlation with the cryptocurrency market.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a range of ETF options for shorting the market. One popular option is the BYDFi Short Bitcoin ETF (ticker: BYDBTC), which aims to provide inverse exposure to the performance of Bitcoin. Another option is the BYDFi Short Ethereum ETF (ticker: BYDETH), which provides inverse exposure to the performance of Ethereum. These ETFs offer competitive fees and can be traded on the BYDFi platform. Keep in mind that shorting the market involves risks, and it's important to carefully consider your investment goals and risk tolerance before engaging in short-selling strategies.
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