Which ETFs offer short exposure to bitcoin?
someoneSep 15, 2024 · a year ago3 answers
Can you recommend any ETFs that provide short exposure to bitcoin? I'm interested in investing in bitcoin but want to hedge my position by shorting it. Are there any ETFs available that allow me to do this?
3 answers
- mohsenJul 03, 2020 · 5 years agoYes, there are several ETFs that offer short exposure to bitcoin. One option is the ProShares Short Bitcoin ETF (ticker: SBTC). This ETF aims to provide -1x the daily performance of bitcoin. Another option is the ProShares Bitcoin Strategy ETF (ticker: BITO), which offers short exposure to bitcoin futures contracts. Both of these ETFs can be used to hedge your bitcoin investments by shorting the cryptocurrency.
- Barry CarlsenJul 02, 2023 · 2 years agoAbsolutely! If you're looking to short bitcoin through an ETF, you might want to consider the ProShares Short Bitcoin Strategy ETF (ticker: SBTC). This ETF is designed to provide -1x the daily performance of bitcoin. It's a great option for investors who want to profit from a decline in bitcoin's price. Just keep in mind that shorting bitcoin carries its own risks, so make sure to do your own research and consult with a financial advisor before making any investment decisions.
- Dr. Damian MartinezApr 04, 2021 · 4 years agoYes, there are ETFs that offer short exposure to bitcoin. One such ETF is the ProShares Short Bitcoin ETF (ticker: SBTC). This ETF seeks to provide -1x the daily performance of bitcoin. It's important to note that shorting bitcoin can be a risky strategy, as the price of bitcoin can be volatile. However, if you believe that bitcoin's price will decline and want to profit from it, this ETF can be a useful tool in your investment portfolio.
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