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TagsWhich inverse ETFs are recommended for shorting cryptocurrencies?
AutocratDec 16, 2021 · 3 years ago1 answersI'm looking for recommendations on inverse ETFs that can be used for shorting cryptocurrencies. Can you suggest any specific ETFs that are suitable for this purpose?
1 answers
- At BYDFi, we recommend the ProShares Short Bitcoin ETF (ticker: SBTC) for shorting cryptocurrencies. This ETF is designed to provide the inverse performance of Bitcoin on a daily basis. However, it's important to note that shorting cryptocurrencies carries significant risks and may not be suitable for all investors. It's crucial to thoroughly understand the risks involved and consider consulting with a financial advisor before engaging in such trades. Please remember that past performance is not indicative of future results.Dec 16, 2021 · 3 years ago
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