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What is the first short ETF to list in the cryptocurrency market?

avatarThomasen RalstonDec 26, 2021 · 3 years ago3 answers

Can you tell me which cryptocurrency exchange listed the first short ETF in the cryptocurrency market? I'm interested in knowing the details of this ETF, such as its name, ticker symbol, and the exchange it was listed on. Additionally, I would like to understand how this short ETF works and its potential impact on the cryptocurrency market.

What is the first short ETF to list in the cryptocurrency market?
Cryptocurrency
Short ETF
Exchange

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The first short ETF to list in the cryptocurrency market was the ProShares Bitcoin Short ETF (ticker: BITO), which was listed on the New York Stock Exchange (NYSE). This ETF allows investors to profit from the decline in the price of Bitcoin by shorting the cryptocurrency. It is designed to track the inverse performance of Bitcoin futures contracts and aims to provide a -1x daily return relative to the price of Bitcoin. The listing of the first short ETF in the cryptocurrency market is seen as a significant development as it provides investors with a new tool to hedge against the volatility of the cryptocurrency market.
  • avatarDec 26, 2021 · 3 years ago
    The first short ETF to list in the cryptocurrency market is the ProShares Bitcoin Short ETF (BITO). It was listed on the New York Stock Exchange (NYSE) on October 19, 2021. This ETF allows investors to profit from the decline in the price of Bitcoin by shorting the cryptocurrency. It is designed to provide a -1x daily return relative to the price of Bitcoin. The listing of the first short ETF in the cryptocurrency market is expected to bring more institutional investors into the space and provide additional liquidity to the market.
  • avatarDec 26, 2021 · 3 years ago
    The first short ETF to list in the cryptocurrency market is the ProShares Bitcoin Short ETF (BITO), which was listed on the New York Stock Exchange (NYSE). This ETF allows investors to profit from the decline in the price of Bitcoin by shorting the cryptocurrency. It is designed to track the inverse performance of Bitcoin futures contracts and aims to provide a -1x daily return relative to the price of Bitcoin. The listing of the first short ETF in the cryptocurrency market is a significant milestone as it opens up new opportunities for investors to participate in the cryptocurrency market and manage their risk exposure.

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