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What is the first short Bitcoin ETF on NYSE?

avatarSilvio FerreiraNov 24, 2021 · 3 years ago3 answers

Can you tell me which is the first short Bitcoin ETF listed on the New York Stock Exchange (NYSE)? I'm interested in investing in Bitcoin and would like to explore shorting options. It would be great if you could provide some information about this ETF and its performance.

What is the first short Bitcoin ETF on NYSE?
Bitcoin
ETF
NYSE

3 answers

  • avatarNov 24, 2021 · 3 years ago
    The first short Bitcoin ETF listed on the NYSE is the ProShares Short Bitcoin Strategy ETF. This ETF allows investors to profit from a decline in the price of Bitcoin. It aims to provide the inverse daily performance of Bitcoin futures contracts. However, it's important to note that shorting Bitcoin carries its own risks, and investors should carefully consider their investment objectives and risk tolerance before investing in this ETF.
  • avatarNov 24, 2021 · 3 years ago
    Sure! The first short Bitcoin ETF on the NYSE is the ProShares Short Bitcoin Strategy ETF. This ETF is designed to provide investors with a way to profit from a decline in the price of Bitcoin. It uses futures contracts to achieve its investment objective. It's important to note that shorting Bitcoin can be a risky strategy, as the price of Bitcoin can be volatile. Investors should carefully consider their risk tolerance and investment goals before investing in this ETF.
  • avatarNov 24, 2021 · 3 years ago
    The first short Bitcoin ETF listed on the NYSE is the ProShares Short Bitcoin Strategy ETF. This ETF aims to provide investors with a way to profit from a decline in the price of Bitcoin. It uses futures contracts to achieve its investment objective. However, it's important to note that shorting Bitcoin can be a speculative and risky investment strategy. Investors should carefully consider their risk tolerance and seek professional advice before investing in this ETF. Please note that BYDFi is a digital currency exchange and does not offer this ETF for trading.

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