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What is the first short ETF list on NYSE for cryptocurrency investors?

avatarUpton McdowellDec 28, 2021 · 3 years ago3 answers

Can you tell me which is the first short ETF list available on NYSE for cryptocurrency investors? I am looking for an ETF that allows me to profit from the decline in cryptocurrency prices. Can you provide some information on this?

What is the first short ETF list on NYSE for cryptocurrency investors?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Sure! The first short ETF list available on NYSE for cryptocurrency investors is the ProShares Short Bitcoin ETF (NYSE: SBTC). This ETF is designed to provide inverse exposure to the daily performance of Bitcoin. It allows investors to profit from the decline in Bitcoin prices. Please note that investing in ETFs involves risks and you should carefully consider your investment objectives before investing.
  • avatarDec 28, 2021 · 3 years ago
    Absolutely! The first short ETF list on NYSE for cryptocurrency investors is the ProShares Short Bitcoin ETF (NYSE: SBTC). This ETF is specifically designed to provide inverse exposure to the daily performance of Bitcoin. It is a great option for investors who want to profit from the decline in Bitcoin prices. However, it's important to remember that investing in ETFs carries risks, so make sure to do your own research and consult with a financial advisor before making any investment decisions.
  • avatarDec 28, 2021 · 3 years ago
    Yes, the first short ETF list on NYSE for cryptocurrency investors is the ProShares Short Bitcoin ETF (NYSE: SBTC). This ETF is managed by ProShares, a leading provider of ETFs. It aims to provide inverse exposure to the daily performance of Bitcoin. By investing in this ETF, investors can potentially profit from the decline in Bitcoin prices. However, it's important to note that investing in ETFs involves risks, so it's always a good idea to do thorough research and seek professional advice before making any investment decisions. If you're interested in exploring more options, you can also check out other cryptocurrency-related ETFs available on the market.