Which ETFs offer short exposure to bitcoin?
SherKhanDec 27, 2021 · 3 years ago3 answers
Can you recommend any ETFs that provide short exposure to bitcoin? I'm interested in investing in bitcoin but want to hedge my position by shorting it. Are there any ETFs available that allow me to do this?
3 answers
- Dec 27, 2021 · 3 years agoYes, there are several ETFs that offer short exposure to bitcoin. One option is the ProShares Short Bitcoin ETF (ticker: SBTC). This ETF aims to provide -1x the daily performance of bitcoin. Another option is the ProShares Bitcoin Strategy ETF (ticker: BITO), which offers short exposure to bitcoin futures contracts. Both of these ETFs can be used to hedge your bitcoin investments by shorting the cryptocurrency.
- Dec 27, 2021 · 3 years agoAbsolutely! If you're looking to short bitcoin through an ETF, you might want to consider the ProShares Short Bitcoin Strategy ETF (ticker: SBTC). This ETF is designed to provide -1x the daily performance of bitcoin. It's a great option for investors who want to profit from a decline in bitcoin's price. Just keep in mind that shorting bitcoin carries its own risks, so make sure to do your own research and consult with a financial advisor before making any investment decisions.
- Dec 27, 2021 · 3 years agoYes, there are ETFs that offer short exposure to bitcoin. One such ETF is the ProShares Short Bitcoin ETF (ticker: SBTC). This ETF seeks to provide -1x the daily performance of bitcoin. It's important to note that shorting bitcoin can be a risky strategy, as the price of bitcoin can be volatile. However, if you believe that bitcoin's price will decline and want to profit from it, this ETF can be a useful tool in your investment portfolio.
Related Tags
Hot Questions
- 92
What are the best digital currencies to invest in right now?
- 71
What are the advantages of using cryptocurrency for online transactions?
- 50
What are the tax implications of using cryptocurrency?
- 40
How can I minimize my tax liability when dealing with cryptocurrencies?
- 37
What are the best practices for reporting cryptocurrency on my taxes?
- 33
How can I buy Bitcoin with a credit card?
- 33
What is the future of blockchain technology?
- 23
How does cryptocurrency affect my tax return?