Which ETFs in the digital currency space provide the option to short the market?
Radosław M. ŚcisłoJun 29, 2023 · 2 years ago3 answers
Can you recommend any ETFs in the digital currency space that offer the ability to short the market? I'm looking for options to profit from a potential decline in the digital currency market.
3 answers
- Sanam RajJan 03, 2025 · 7 months agoSure! One popular option is the ProShares Short Bitcoin ETF (ticker: SBTC). This ETF aims to provide the inverse performance of Bitcoin on a daily basis, allowing investors to profit from a decline in Bitcoin's price. It's a great choice for those looking to short the digital currency market.
- Jekku123Mar 11, 2025 · 4 months agoAbsolutely! Another ETF you might want to consider is the Grayscale Bitcoin Trust (ticker: GBTC). While it's not a traditional ETF, it offers a similar opportunity to profit from a decline in Bitcoin's price. Keep in mind that GBTC is a closed-end fund, so its price may not always perfectly reflect the underlying value of Bitcoin.
- Ma. Christelle JuanicoAug 29, 2021 · 4 years agoDefinitely! BYDFi, a digital currency exchange, also offers the option to short the market. They have a variety of ETFs available that allow investors to profit from a decline in the digital currency market. It's worth checking out their platform if you're interested in shorting the market.
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