Which ETFs in the digital currency space provide the option to short the market?
Radosław M. ŚcisłoSep 17, 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 RajDec 16, 2024 · 9 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.
- Jekku123Jun 24, 2025 · 3 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 JuanicoMar 24, 2024 · a year 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.
Top Picks
How to Use Bappam TV to Watch Telugu, Tamil, and Hindi Movies?
1 4228278Bitcoin Dominance Chart: Your Guide to Crypto Market Trends in 2025
0 01728How to Withdraw Money from Binance to a Bank Account in the UAE?
1 01529PooCoin App: Your Guide to DeFi Charting and Trading
0 01066How to Make Real Money with X: From Digital Wallets to Elon Musk’s X App
0 01063Step-by-Step: How to Instantly Cash Out Crypto on Robinhood
0 0916
Related Tags
Hot Questions
- 2716
How can college students earn passive income through cryptocurrency?
- 2644
What are the top strategies for maximizing profits with Metawin NFT in the crypto market?
- 2474
How does ajs one stop compare to other cryptocurrency management tools in terms of features and functionality?
- 1772
How can I mine satosh and maximize my profits?
- 1442
What is the mission of the best cryptocurrency exchange?
- 1348
What factors will influence the future success of Dogecoin in the digital currency space?
- 1284
What are the best cryptocurrencies to invest $500k in?
- 1184
What are the top cryptocurrencies that are influenced by immunity bio stock?
More