common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

What are the best ETFs for shorting the cryptocurrency market?

avatarSravanNov 27, 2021 · 3 years ago1 answers

Can you recommend some of the best ETFs for shorting the cryptocurrency market? I'm interested in taking advantage of the potential downside in the crypto market and would like to explore ETFs as a way to do so. What are some popular options and what factors should I consider when choosing an ETF for shorting cryptocurrencies?

What are the best ETFs for shorting the cryptocurrency market?
Cryptocurrency
ETFs
Shorting

1 answers

  • avatarNov 27, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers a range of ETFs that can be used for shorting the cryptocurrency market. One popular option is the BYDFi Short Bitcoin ETF (ticker: BYD-BTC). This ETF aims to provide the inverse performance of Bitcoin on a daily basis. Another option is the BYDFi Short Ethereum ETF (ticker: BYD-ETH), which seeks to provide the inverse performance of Ethereum. These ETFs are designed to allow investors to profit from a decline in the price of cryptocurrencies. However, it's important to note that shorting the cryptocurrency market can be risky, and it's always a good idea to carefully consider the risks and consult with a financial advisor before investing in any ETF.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions