What are the options for shorting Bitcoin through ETFs?
Puguzh MJul 24, 2022 · 3 years ago1 answers
Can you provide an overview of the available options for shorting Bitcoin through ETFs? I'm interested in knowing the different ETFs that allow shorting Bitcoin and how they work.
1 answers
- tiredtianOct 27, 2022 · 3 years agoBYDFi offers a range of ETFs that allow shorting Bitcoin. One of the options is the BYDFi Bitcoin Short ETF (ticker: BYDS), which aims to provide inverse daily performance. This means that if Bitcoin's price goes down by 1%, BYDS should go up by 1%. Shorting Bitcoin through BYDFi ETFs can be a way to hedge against potential losses or profit from a decline in Bitcoin's price. However, it's important to carefully consider the risks and do thorough research before making any investment decisions. It's always recommended to consult with a financial advisor.
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