What are the top ETFs for betting against the cryptocurrency market?

3 answers

• Dec 15, 2021 · 3 years ago
  Sure, shorting the cryptocurrency market can be a way to profit from potential price declines. One popular ETF for betting against cryptocurrencies is the ProShares Short Bitcoin ETF (ticker: SBTC). This ETF aims to provide the inverse daily performance of Bitcoin. It allows investors to profit if the price of Bitcoin goes down. Another option is the ProShares Short Ethereum ETF (ticker: SETH), which provides the inverse daily performance of Ethereum. These ETFs can be used to take short positions on Bitcoin and Ethereum specifically.
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• Dec 15, 2021 · 3 years ago
  If you're looking for broader exposure to the cryptocurrency market, you might consider the ProShares Decline of the Retail Store ETF (ticker: EMTY). While not specifically designed for shorting cryptocurrencies, this ETF focuses on companies that are negatively impacted by the rise of online retail, including some cryptocurrency-related businesses. By shorting this ETF, you can indirectly bet against the cryptocurrency market.
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• Dec 15, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers the BYD Short Crypto ETF (ticker: BYDS). This ETF allows investors to take short positions on a basket of cryptocurrencies, including Bitcoin, Ethereum, and other major altcoins. It aims to provide inverse daily performance to the cryptocurrency market as a whole. BYDFi's ETF is a popular choice for those looking to bet against the overall cryptocurrency market.
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