Which inverse ETF ticker symbols does Jim Cramer suggest for trading cryptocurrency volatility?
Ramya 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.
3 answers
- Dec 26, 2021 · 3 years agoSure! 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.
- Dec 26, 2021 · 3 years agoWhen 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.
- Dec 26, 2021 · 3 years agoFor 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.
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