Investors Can Short Bitcoin, But What Does It Mean For The Cryptocurrency Market? – Investing.com
- Date: 16-Nov-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Investors Can Short Bitcoin, But What Does It Mean For The Cryptocurrency Market? – Investing.com
April 2021 saw exchange platform Coinbase (NASDAQ:) launch its IPO (initial public offering), an event which directly coincided with the price of hitting record highs at $50,000, a gain of 66% since the start of the year. Despite attacks from financial titan Charlie Munger against Bitcoin, and continue to rise. Clearly cryptocurrencies don’t care about the feelings of old, wealthy boomers.
Bitcoin may be in for another shock, though. The Toronto Stock Exchange recently played host to the first inverse Bitcoin ETF (exchange traded fund), which opened on Thursday, May 6.
BetaPro Inverse Bitcoin ETF (TSX:) will allow investors to take short positions against Bitcoin. This fund will allow investors to gain ‘short’ exposure without having to employ the use of a margin account. All transactions can be completed without opening a separate currency account, essentially making the process as straightforward as buying or selling stocks. Even investors with individual retirement accounts will have the ability to gain this type of exposure through Bitcoin.
Select Sector 
Select Country 
