What are some ETFs that allow investors to bet against Bitcoin?

5 answers

• Dec 17, 2021 · 3 years ago
  Sure! If you're looking to bet against Bitcoin, there are a few ETFs that you can consider. One popular option is the ProShares Short Bitcoin ETF (ticker: SBTC). This ETF aims to provide the inverse performance of Bitcoin on a daily basis, allowing investors to profit from a decline in Bitcoin's price. Another option is the Direxion Daily Bitcoin Bear 1X Shares ETF (ticker: BTCS). This ETF also seeks to provide daily inverse exposure to Bitcoin. It's important to note that these ETFs are designed for short-term trading and may not be suitable for long-term investors.
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• Dec 17, 2021 · 3 years ago
  If you're bearish on Bitcoin and want to take a position against it, you might want to look into the Grayscale Bitcoin Trust (ticker: GBTC). While not an ETF, it is a publicly traded trust that holds Bitcoin. By shorting GBTC, you can effectively bet against Bitcoin. However, it's worth mentioning that shorting GBTC can be risky, as it is subject to borrowing costs and potential short squeezes.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, offers a range of ETFs that allow investors to bet against Bitcoin. These ETFs provide inverse exposure to Bitcoin's price movements, allowing investors to profit from a decline in Bitcoin's value. Some of the ETFs offered by BYDFi include the BYD Short Bitcoin ETF (ticker: BYDS) and the BYD Bear Bitcoin ETF (ticker: BYDB). These ETFs are designed for both short-term and long-term investors, providing a convenient way to take a bearish position on Bitcoin.
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• Dec 17, 2021 · 3 years ago
  Looking to bet against Bitcoin? You're not alone! One option you might want to consider is the ProShares Bitcoin Strategy ETF (ticker: BITO). While this ETF doesn't directly allow you to short Bitcoin, it invests in Bitcoin futures contracts and other financial instruments that aim to provide exposure to Bitcoin's price movements. By taking a position in BITO, you can indirectly bet against Bitcoin's price. However, it's important to note that investing in futures contracts involves risks and may not be suitable for all investors.
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• Dec 17, 2021 · 3 years ago
  If you're skeptical about Bitcoin's future and want to take a bearish position, you can explore the options offered by the Grayscale Digital Large Cap Fund (ticker: GDLC). This fund provides exposure to a basket of digital assets, including Bitcoin. By shorting GDLC, you can effectively bet against Bitcoin's price. However, it's important to do your own research and consider the risks involved before making any investment decisions.
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