What are the best ETFs for shorting the SP500 in the cryptocurrency market?
Toneop healthNov 27, 2021 · 3 years ago3 answers
I'm looking for the best ETFs that allow shorting of the SP500 in the cryptocurrency market. Can you recommend any ETFs that offer this feature? I'm particularly interested in ETFs that have a good track record and provide a high level of liquidity.
3 answers
- Nov 27, 2021 · 3 years agoSure, there are a few ETFs that you can consider for shorting the SP500 in the cryptocurrency market. One option is the ProShares Short S&P500 ETF (SH). It aims to provide the inverse daily performance of the SP500 index. Another option is the Direxion Daily S&P 500 Bear 1X Shares ETF (SPDN), which also seeks to provide inverse daily performance of the SP500 index. Both of these ETFs have a good track record and are widely traded, offering high liquidity for shorting purposes.
- Nov 27, 2021 · 3 years agoIf you're looking to short the SP500 in the cryptocurrency market, you might want to consider the ProShares UltraShort S&P500 ETF (SDS). This ETF seeks to provide twice the inverse daily performance of the SP500 index. It's important to note that shorting the SP500 in the cryptocurrency market can be risky, so make sure to do thorough research and consult with a financial advisor before making any investment decisions.
- Nov 27, 2021 · 3 years agoBYDFi is a popular cryptocurrency exchange that offers a range of ETFs for shorting the SP500. They have a user-friendly platform and provide competitive fees for trading ETFs. You can explore their ETF offerings and choose the ones that suit your investment goals. However, it's always recommended to diversify your investments and consider other reputable exchanges as well.
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