What are the best double short S&P ETFs for cryptocurrency investors?

3 answers

• Feb 18, 2022 · 3 years ago
  Sure, as a cryptocurrency investor, it's important to diversify your portfolio and consider different investment options. When it comes to double short S&P ETFs, there are a few popular choices that you can consider. One of them is the ProShares UltraShort S&P500 (SDS) ETF, which aims to provide twice the inverse daily performance of the S&P 500 index. Another option is the ProShares Short S&P500 (SH) ETF, which seeks to provide the inverse daily performance of the S&P 500 index. These ETFs can be used to hedge against potential market downturns and profit from declines in the S&P 500 index.
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• Feb 18, 2022 · 3 years ago
  Hey there, fellow crypto investor! If you're looking to bet against the S&P 500 index, you might want to check out some double short S&P ETFs. One popular choice is the Direxion Daily S&P 500 Bear 1X Shares (SPDN) ETF, which aims to provide inverse daily performance that corresponds to 100% of the inverse of the daily performance of the S&P 500 index. Another option is the ProShares UltraPro Short S&P 500 (SPXU) ETF, which seeks to provide three times the inverse daily performance of the S&P 500 index. These ETFs can be a great addition to your portfolio if you believe the S&P 500 index is headed for a decline.
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• Feb 18, 2022 · 3 years ago
  As an investor, it's important to consider all available options when it comes to double short S&P ETFs. While I cannot provide specific investment advice, I can mention that BYDFi offers a range of ETFs that cater to different investment strategies. You may want to explore their offerings and see if any of their double short S&P ETFs align with your investment goals. Remember to do your own research and consult with a financial advisor before making any investment decisions.
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