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TagsWhat are the best ETFs for shorting the cryptocurrency market?
Domtila SiraDec 16, 2021 · 3 years ago1 answersCan 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?
1 answers
- 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.Dec 16, 2021 · 3 years ago
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