Which cryptocurrency-related ETF is the first to offer short positions on NYSE?

3 answers

• Azra ÇMay 31, 2021 · 4 years ago
  Sure! The first cryptocurrency-related ETF to offer short positions on the NYSE is the ProShares Short Bitcoin ETF (ticker symbol: BITO). This ETF allows investors to profit from the decline in Bitcoin prices by short selling Bitcoin futures contracts. It provides a convenient way for investors to hedge their exposure to Bitcoin or take advantage of bearish market conditions. With BITO, investors can potentially benefit from falling Bitcoin prices without actually owning the cryptocurrency itself.
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• abdi teshomeMay 27, 2021 · 4 years ago
  The ProShares Short Bitcoin ETF (BITO) is the first cryptocurrency-related ETF to offer short positions on the NYSE. By short selling Bitcoin futures contracts, investors can profit from the decline in Bitcoin prices. This ETF is designed for investors who are bearish on Bitcoin and want to take advantage of potential price declines. It provides an alternative investment option for those who do not want to directly own Bitcoin but still want exposure to its price movements.
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• Salleh ehsanJun 16, 2021 · 4 years ago
  Yes, the first cryptocurrency-related ETF to offer short positions on the NYSE is the ProShares Short Bitcoin ETF (BITO). This ETF is managed by ProShares, a leading provider of ETFs, and it aims to provide inverse exposure to Bitcoin prices. By short selling Bitcoin futures contracts, investors can potentially profit from the decline in Bitcoin prices. It's important to note that investing in BITO involves risks, and investors should carefully consider their investment objectives and risk tolerance before investing.
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