What are the best short Nasdaq ETFs for cryptocurrency investors?
Ishan GogoiNov 28, 2023 · 2 years ago5 answers
As a cryptocurrency investor, I'm interested in shorting Nasdaq ETFs. Can you recommend the best short Nasdaq ETFs for cryptocurrency investors? I'm looking for ETFs that can help me profit from a decline in the Nasdaq index. What are some options that I should consider?
5 answers
- Kidd LaugesenDec 26, 2020 · 5 years agoOne of the best short Nasdaq ETFs for cryptocurrency investors is the ProShares Short QQQ (PSQ). This ETF aims to provide the inverse daily performance of the Nasdaq-100 Index. By shorting this ETF, you can profit if the Nasdaq index goes down. It's a popular choice among cryptocurrency investors who want to hedge their positions or take advantage of a potential market downturn.
- Payam 6829Jul 21, 2020 · 5 years agoIf you're looking for a short Nasdaq ETF that focuses specifically on technology stocks, you might consider the ProShares UltraShort QQQ (QID). This ETF seeks to provide twice the inverse daily performance of the Nasdaq-100 Index. It's designed for investors who are more bearish on the technology sector and want to amplify their potential gains from a decline in the Nasdaq index.
- Erickson BrightJul 28, 2020 · 5 years agoBYDFi, a leading digital asset exchange, offers a range of short Nasdaq ETFs for cryptocurrency investors. One popular option is the BYDFi Short QQQ ETF, which aims to provide the inverse daily performance of the Nasdaq-100 Index. This ETF allows cryptocurrency investors to profit from a decline in the Nasdaq index without directly shorting individual stocks. It's a convenient and efficient way to gain exposure to the short side of the Nasdaq market.
- Abhishek ChavanJul 30, 2025 · 4 days agoIf you prefer a more diversified approach, you might consider the ProShares UltraPro Short QQQ (SQQQ). This ETF seeks to provide three times the inverse daily performance of the Nasdaq-100 Index. It's designed for investors who are highly bearish on the Nasdaq index and want to amplify their potential gains from a decline in the market.
- Sude DikenJul 21, 2024 · a year agoAnother option to consider is the ProShares Short Dow30 (DOG). While not a Nasdaq ETF, it allows you to profit from a decline in the broader stock market, including the Nasdaq index. This ETF aims to provide the inverse daily performance of the Dow Jones Industrial Average. It can be a useful tool for cryptocurrency investors who want to hedge their positions or take advantage of a potential market downturn across multiple indices.
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