What are the options for shorting Bitcoin through ETFs?

1 answers

• May 01, 2022 · 3 years ago
  BYDFi offers a range of ETFs that allow shorting Bitcoin. One of the options is the BYDFi Bitcoin Short ETF (ticker: BYDS), which aims to provide inverse daily performance. This means that if Bitcoin's price goes down by 1%, BYDS should go up by 1%. Shorting Bitcoin through BYDFi ETFs can be a way to hedge against potential losses or profit from a decline in Bitcoin's price. However, it's important to carefully consider the risks and do thorough research before making any investment decisions. It's always recommended to consult with a financial advisor.
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