What are the best inverse ETFs for cryptocurrency trading?

3 answers

• Feb 18, 2022 · 3 years ago
  One of the best inverse ETFs for cryptocurrency trading is the ProShares Short Bitcoin ETF (BITO). This ETF aims to provide investors with a return that is -1x the daily performance of Bitcoin. It allows traders to profit from the decline in Bitcoin's price without actually owning Bitcoin. BITO is listed on the NYSE and can be easily traded through most brokerage accounts. It's important to note that inverse ETFs like BITO are designed for short-term trading and may not be suitable for long-term investment strategies.
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• Feb 18, 2022 · 3 years ago
  If you're looking for a more diversified option, you can consider the ProShares Short Bitcoin Strategy ETF (SBIT). This ETF aims to provide investors with a return that is -1x the daily performance of a combination of Bitcoin futures contracts and money market instruments. SBIT allows traders to profit from the decline in the price of Bitcoin futures contracts without actually owning them. SBIT is also listed on the NYSE and can be easily traded through most brokerage accounts.
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• Feb 18, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a range of inverse ETFs for cryptocurrency trading. They have ETFs that track the performance of major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. These ETFs provide traders with the opportunity to profit from the price movements of cryptocurrencies without actually owning them. BYDFi's inverse ETFs are designed for short-term trading and can be easily traded on their platform. It's important to do your own research and consider your risk tolerance before trading inverse ETFs.
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