What is the historical performance of ProShares Bitcoin Inverse ETF compared to Bitcoin itself?
Avery SecristDec 06, 2021 · 3 years ago3 answers
Can you provide a detailed comparison of the historical performance between ProShares Bitcoin Inverse ETF and Bitcoin? How have they performed over time and what are the key differences in their performance?
3 answers
- Dec 06, 2021 · 3 years agoThe historical performance of ProShares Bitcoin Inverse ETF compared to Bitcoin itself has been quite different. While Bitcoin has experienced significant price fluctuations and volatility, the ProShares Bitcoin Inverse ETF is designed to provide the inverse (-1x) daily performance of Bitcoin. This means that when Bitcoin goes up, the ETF goes down, and vice versa. As a result, the ETF has generally performed well during periods when Bitcoin's price has been in a downtrend or experiencing a significant decline. However, during periods of Bitcoin's price appreciation, the ETF's performance would be expected to be negative. It's important to note that the ETF's performance is based on the daily performance of Bitcoin, so it may not perfectly reflect the long-term performance of Bitcoin itself. Investors should carefully consider their investment objectives and risk tolerance before investing in the ProShares Bitcoin Inverse ETF.
- Dec 06, 2021 · 3 years agoThe historical performance of ProShares Bitcoin Inverse ETF compared to Bitcoin itself can be quite different due to the nature of the ETF. The ETF aims to provide the inverse (-1x) daily performance of Bitcoin, which means that when Bitcoin's price goes up, the ETF's price goes down, and vice versa. This makes the ETF a potential option for investors who want to profit from Bitcoin's price decline or hedge against their Bitcoin holdings. However, it's important to note that the ETF's performance may not perfectly mirror Bitcoin's long-term performance, as it is designed to track the daily performance rather than the overall trend. Investors should carefully consider their investment goals and risk tolerance before investing in the ProShares Bitcoin Inverse ETF.
- Dec 06, 2021 · 3 years agoThe historical performance of ProShares Bitcoin Inverse ETF compared to Bitcoin itself has been quite interesting. While Bitcoin has been known for its volatility and potential for high returns, the ProShares Bitcoin Inverse ETF offers a different approach. The ETF aims to provide the inverse (-1x) daily performance of Bitcoin, which means that when Bitcoin's price goes up, the ETF's price goes down, and vice versa. This can be appealing to investors who want to profit from Bitcoin's price decline or hedge against their Bitcoin holdings. However, it's important to note that the ETF's performance may not perfectly reflect the long-term performance of Bitcoin itself. Investors should carefully consider their investment objectives and seek professional advice before investing in the ProShares Bitcoin Inverse ETF.
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