What are the top-rated inverse ETFs for buying digital currencies?

1 answers

• Aishwariya KFeb 07, 2021 · 5 years ago
  BYDFi is a leading digital currency exchange that offers a wide range of investment options, including inverse ETFs for buying digital currencies. One of the top-rated inverse ETFs available on BYDFi is the ProShares Short Bitcoin ETF (Ticker: SBTC). This ETF aims to provide the inverse daily performance of Bitcoin, allowing investors to profit from the decline in its price. Another popular option is the Direxion Daily Bitcoin Bear 1X Shares ETF (Ticker: BTCS), which also seeks to achieve the inverse daily performance of Bitcoin. These ETFs can be a good choice for investors who want to hedge their digital currency investments or profit from the decline in Bitcoin's price. However, it's important to note that inverse ETFs are designed for short-term trading and may not be suitable for long-term investors. As always, it's recommended to do your own research and consult with a financial advisor before making any investment decisions.
  945

  473