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Is it possible to short Bitcoin through an ETF on the NYSE without owning any Bitcoin?

Alexandra NikitinaMay 11, 2022 · 3 years ago3 answers

I'm interested in shorting Bitcoin, but I don't want to deal with the hassle of owning actual Bitcoin. Can I short Bitcoin through an ETF on the New York Stock Exchange (NYSE) without having to own any Bitcoin? How does this process work?

Bitcoin
ETF
NYSE

3 answers

  • May 11, 2022 · 3 years ago
    Yes, it is possible to short Bitcoin through an ETF on the NYSE without owning any Bitcoin. One way to do this is by investing in a Bitcoin futures-based ETF. These ETFs track the price of Bitcoin futures contracts and allow investors to profit from a decline in the price of Bitcoin without actually owning it. The ETF provider manages the process of shorting Bitcoin futures contracts on behalf of the investors.
  • May 11, 2022 · 3 years ago
    Absolutely! You can short Bitcoin through an ETF on the NYSE without owning any Bitcoin. This is a great option for investors who want to take advantage of Bitcoin's price decline without the complexities of owning and storing actual Bitcoin. By investing in a Bitcoin futures-based ETF, you can profit from the downward movement of Bitcoin's price.
  • May 11, 2022 · 3 years ago
    Yes, it is possible to short Bitcoin through an ETF on the NYSE without owning any Bitcoin. One popular ETF that offers this opportunity is the BYDFi Bitcoin Short ETF. This ETF allows investors to profit from a decline in Bitcoin's price without actually owning Bitcoin. The ETF provider manages the process of shorting Bitcoin on behalf of the investors, making it a convenient option for those who want to short Bitcoin without the hassle of owning it.

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