What are the best inverse ETFs for investing in cryptocurrency?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! When it comes to investing in cryptocurrency through inverse ETFs, there are a few options that you can consider. One popular choice is the ProShares Short Bitcoin ETF (Ticker: SBTC). This ETF aims to provide the inverse daily performance of Bitcoin, allowing investors to profit from Bitcoin's decline. Another option is the Direxion Daily Bitcoin Bear 1X Shares ETF (Ticker: BTCS). This ETF also seeks to provide inverse daily performance to Bitcoin. Both of these ETFs can be a good choice for investors who believe that Bitcoin's price will decrease in the short term. However, it's important to note that inverse ETFs are designed for short-term trading and may not be suitable for long-term investors.
  713357
• Dec 16, 2021 · 3 years ago
  Hey there! If you're looking to invest in cryptocurrency through inverse ETFs, you might want to check out the ProShares Short Bitcoin ETF (Ticker: SBTC) and the Direxion Daily Bitcoin Bear 1X Shares ETF (Ticker: BTCS). These ETFs aim to provide the inverse daily performance of Bitcoin, which means that they can be a good option if you think Bitcoin's price will go down. However, keep in mind that inverse ETFs are designed for short-term trading and may not be suitable for long-term investors. Make sure to do your own research and consider your investment goals before making any decisions!
  596199
• Dec 16, 2021 · 3 years ago
  As an employee at BYDFi, I can recommend the ProShares Short Bitcoin ETF (Ticker: SBTC) and the Direxion Daily Bitcoin Bear 1X Shares ETF (Ticker: BTCS) as two of the best inverse ETFs for investing in cryptocurrency. These ETFs aim to provide the inverse daily performance of Bitcoin, allowing investors to profit from Bitcoin's decline. However, it's important to note that inverse ETFs are designed for short-term trading and may not be suitable for long-term investors. Make sure to carefully consider your investment goals and risk tolerance before investing in these ETFs.
  578145