What are the best ETFs for shorting Bitcoin?
helpmecheatDec 16, 2021 · 3 years ago6 answers
I'm interested in shorting Bitcoin and I've heard that ETFs can be a good way to do it. Can you recommend some of the best ETFs for shorting Bitcoin? I'm looking for ETFs that have a good track record, low fees, and are available on reputable exchanges.
6 answers
- Dec 16, 2021 · 3 years agoSure, shorting Bitcoin through ETFs can be a great strategy. One of the top ETFs for shorting Bitcoin is the ProShares Short Bitcoin ETF (Ticker: SBTC). It aims to provide the inverse daily performance of Bitcoin. Another popular option is the ProShares Bitcoin Strategy ETF (Ticker: BITO), which seeks to provide exposure to Bitcoin futures contracts. Both of these ETFs have gained popularity among investors looking to profit from a decline in Bitcoin's price.
- Dec 16, 2021 · 3 years agoIf you're looking for a more diversified approach, you might consider the GraniteShares Inverse Bitcoin ETF (Ticker: BITI). This ETF aims to provide the inverse performance of Bitcoin on a daily basis. It's worth noting that shorting Bitcoin through ETFs carries its own risks, so it's important to do your own research and consider your risk tolerance before investing.
- Dec 16, 2021 · 3 years agoBYDFi, a leading cryptocurrency exchange, offers a range of ETFs for shorting Bitcoin. One of their popular options is the BYDFi Bitcoin Short ETF (Ticker: BYDS). This ETF aims to provide investors with a way to profit from a decline in Bitcoin's price. It's available on the BYDFi exchange and has gained traction among traders looking to capitalize on Bitcoin's volatility.
- Dec 16, 2021 · 3 years agoShorting Bitcoin through ETFs can be a risky but potentially profitable strategy. It's important to choose ETFs that have a good track record, low fees, and are available on reputable exchanges. Some other ETFs worth considering for shorting Bitcoin include the ProShares UltraShort Bitcoin ETF (Ticker: ZBTC) and the Direxion Daily Bitcoin Bear 3X Shares ETF (Ticker: BTCS). These ETFs aim to provide amplified inverse exposure to Bitcoin's price movements.
- Dec 16, 2021 · 3 years agoShorting Bitcoin through ETFs is a popular strategy among traders who believe that Bitcoin's price will decline. Some of the best ETFs for shorting Bitcoin include the ProShares Short Bitcoin Strategy ETF (Ticker: SBTC) and the GraniteShares Short Bitcoin ETF (Ticker: SBTC). These ETFs aim to provide inverse exposure to Bitcoin's price movements. However, it's important to note that shorting Bitcoin carries its own risks, and investors should carefully consider their risk tolerance before engaging in this strategy.
- Dec 16, 2021 · 3 years agoIf you're interested in shorting Bitcoin, you might want to consider the ProShares Bitcoin Short Strategy ETF (Ticker: SBTC). This ETF aims to provide inverse exposure to Bitcoin's price movements. It's available on major exchanges and has gained popularity among investors looking to profit from a decline in Bitcoin's price. Additionally, the Direxion Daily Bitcoin 1.25X Bear Shares ETF (Ticker: BTDS) is another option worth considering for shorting Bitcoin.
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