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TagsWhat are the best ETFs for betting against the price of Bitcoin?
Burcu YıldızDec 16, 2021 · 3 years ago3 answersI'm looking for the best ETFs that allow me to bet against the price of Bitcoin. Can you recommend any ETFs that are specifically designed for this purpose? I want to diversify my investment portfolio and hedge against the potential downside of Bitcoin. What are the options available and what factors should I consider when choosing the best ETFs for betting against the price of Bitcoin?
3 answers
- If you're interested in betting against the price of Bitcoin, there are a few ETFs that you can consider. One popular option is the ProShares Short Bitcoin ETF (Ticker: SBTC). This ETF aims to provide the inverse performance of Bitcoin on a daily basis, allowing you to profit from a decline in Bitcoin's price. Another option is the Direxion Daily Bitcoin Bear 1X Shares ETF (Ticker: BTCS), which also seeks to provide inverse daily performance to Bitcoin. When choosing the best ETFs for betting against Bitcoin, it's important to consider factors such as expense ratio, liquidity, and the fund's strategy.Dec 16, 2021 · 3 years ago
- If you're looking to bet against the price of Bitcoin, you might want to consider the Grayscale Bitcoin Trust (Ticker: GBTC). While not an ETF, GBTC is a popular investment vehicle that allows you to gain exposure to Bitcoin without actually owning the cryptocurrency. GBTC trades on the OTC markets and its price is based on the value of Bitcoin. By shorting GBTC, you can effectively bet against the price of Bitcoin. However, it's important to note that GBTC can trade at a premium or discount to the underlying value of Bitcoin, so it's crucial to monitor the premium/discount before making any investment decisions.Dec 16, 2021 · 3 years ago
- BYDFi, a leading digital asset exchange, offers a range of ETFs that allow you to bet against the price of Bitcoin. These ETFs are designed to provide inverse or short exposure to Bitcoin, allowing you to profit from a decline in its price. Some of the ETFs available on BYDFi include the BYD Short Bitcoin ETF and the BYD Inverse Bitcoin ETF. When choosing the best ETFs for betting against Bitcoin, it's important to carefully consider the fund's performance, expense ratio, and liquidity. Additionally, it's crucial to stay updated on the latest market trends and news related to Bitcoin to make informed investment decisions.Dec 16, 2021 · 3 years ago
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