Are there any ETFs that provide inverse exposure to Bitcoin?
Teja SaiMay 05, 2022 · 3 years ago3 answers
Can you recommend any exchange-traded funds (ETFs) that offer inverse exposure to Bitcoin? I'm interested in investing in Bitcoin but would like to hedge my risk by taking a short position. Are there any ETFs available that allow me to do this?
3 answers
- May 05, 2022 · 3 years agoYes, there are ETFs that provide inverse exposure to Bitcoin. One example is the ProShares Short Bitcoin ETF (ticker symbol: BITO). This ETF aims to provide investors with a return that is -1x the daily performance of Bitcoin. It allows investors to profit from a decline in the price of Bitcoin by taking a short position. However, it's important to note that inverse ETFs are designed for short-term trading and may not be suitable for long-term investors.
- May 05, 2022 · 3 years agoAbsolutely! If you're looking for an ETF that offers inverse exposure to Bitcoin, you might want to consider the ProShares Short Bitcoin Strategy ETF. This ETF is designed to provide -1x the daily performance of Bitcoin. By investing in this ETF, you can potentially profit from a decline in the price of Bitcoin. Just keep in mind that inverse ETFs are typically more suitable for experienced traders who are actively managing their positions.
- May 05, 2022 · 3 years agoYes, there are ETFs that provide inverse exposure to Bitcoin. One popular option is the ProShares Short Bitcoin Strategy ETF (BITO). This ETF aims to deliver -1x the daily performance of Bitcoin. It allows investors to take a short position on Bitcoin, providing a way to hedge against potential losses or profit from a decline in Bitcoin's price. However, it's important to do your own research and consider your investment goals and risk tolerance before investing in any ETF.
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