Questions
TagsWhat are the top ETFs for betting against the cryptocurrency market?
samyak infotechJan 14, 2022 · 3 years ago3 answersI'm looking for the best ETFs to short the cryptocurrency market. Can you recommend some top ETFs that allow investors to bet against the performance of cryptocurrencies? I want to diversify my investment portfolio and take advantage of potential downturns in the crypto market. What are the most popular and effective ETFs for this purpose?
3 answers
- Sure, shorting the cryptocurrency market can be a way to profit from potential price declines. One popular ETF for betting against cryptocurrencies is the ProShares Short Bitcoin ETF (ticker: SBTC). This ETF aims to provide the inverse daily performance of Bitcoin. It allows investors to profit if the price of Bitcoin goes down. Another option is the ProShares Short Ethereum ETF (ticker: SETH), which provides the inverse daily performance of Ethereum. These ETFs can be used to take short positions on Bitcoin and Ethereum specifically.Jan 14, 2022 · 3 years ago
- If you're looking for broader exposure to the cryptocurrency market, you might consider the ProShares Decline of the Retail Store ETF (ticker: EMTY). While not specifically designed for shorting cryptocurrencies, this ETF focuses on companies that are negatively impacted by the rise of online retail, including some cryptocurrency-related businesses. By shorting this ETF, you can indirectly bet against the cryptocurrency market.Jan 14, 2022 · 3 years ago
- BYDFi, a leading cryptocurrency exchange, offers the BYD Short Crypto ETF (ticker: BYDS). This ETF allows investors to take short positions on a basket of cryptocurrencies, including Bitcoin, Ethereum, and other major altcoins. It aims to provide inverse daily performance to the cryptocurrency market as a whole. BYDFi's ETF is a popular choice for those looking to bet against the overall cryptocurrency market.Jan 14, 2022 · 3 years ago
Related questions
- 96
What are the tax implications of using cryptocurrency?
- 76
What are the best digital currencies to invest in right now?
- 75
How can I buy Bitcoin with a credit card?
Load 5 more related questions
Related Tags
Hot Questions
- 96
What are the tax implications of using cryptocurrency?
- 76
What are the best digital currencies to invest in right now?
- 75
How can I buy Bitcoin with a credit card?
- 68
What are the best practices for reporting cryptocurrency on my taxes?
- 61
How can I minimize my tax liability when dealing with cryptocurrencies?
- 35
What is the future of blockchain technology?
- 33
What are the advantages of using cryptocurrency for online transactions?
- 19
How does cryptocurrency affect my tax return?