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Which inverse ETF ticker symbols does Jim Cramer suggest for trading cryptocurrency volatility?

avatarRamya sriDec 26, 2021 · 3 years ago3 answers

Can you provide me with the inverse ETF ticker symbols that Jim Cramer recommends for trading cryptocurrency volatility? I'm looking for some options to hedge against the volatility in the cryptocurrency market.

Which inverse ETF ticker symbols does Jim Cramer suggest for trading cryptocurrency volatility?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! Jim Cramer has mentioned a few inverse ETF ticker symbols that can be used to trade cryptocurrency volatility. One of the popular options he suggests is the ProShares Short Bitcoin ETF (ticker symbol: SBTC). This ETF aims to provide the inverse performance of Bitcoin on a daily basis. Another option he has mentioned is the ProShares Short Ethereum ETF (ticker symbol: SETH), which aims to provide the inverse performance of Ethereum. It's important to note that inverse ETFs are designed to move in the opposite direction of the underlying asset, so they can be used as a hedge against volatility.
  • avatarDec 26, 2021 · 3 years ago
    When it comes to trading cryptocurrency volatility, Jim Cramer has recommended considering inverse ETFs as a potential strategy. One of the inverse ETFs he has mentioned is the ProShares Short Bitcoin ETF (SBTC). This ETF is designed to provide the inverse daily performance of Bitcoin. Another option he has discussed is the ProShares Short Ethereum ETF (SETH), which aims to provide the inverse performance of Ethereum. These inverse ETFs can be used to potentially profit from the downside movement of cryptocurrencies or to hedge against volatility in the market.
  • avatarDec 26, 2021 · 3 years ago
    For trading cryptocurrency volatility, Jim Cramer suggests looking into inverse ETFs. One such option is the ProShares Short Bitcoin ETF (SBTC), which aims to provide the inverse daily performance of Bitcoin. Another option he has mentioned is the ProShares Short Ethereum ETF (SETH), which aims to provide the inverse performance of Ethereum. It's important to do your own research and consider your investment goals before investing in inverse ETFs or any other financial products. Remember to consult with a financial advisor if needed.