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You don't need an ETF for that, you can directly short any crypto at many exchanges. To profit from the short you should obviously time the market well.
by fleddr 5y ago
You don't need an ETF for that, you can directly short any crypto at many exchanges. To profit from the short you should obviously time the market well.
- graeme 5y agoIf Tether implodes, strong risk those exchanges do too. Massive counterparty risk.
- fleddr 5y agoGot it. In that case, you can short $COIN. I wouldn't recommend it for another 3-6 months though.
- graeme 5y agoI’ve lost all faith in my ability to time this lol. It has to come down someday, and the bigger it gets the harder it falls. But Tether has a remarkable ability to kick things down the road so far.
- fleddr 5y agoNobody really has such faith, if you can time the market, you've invented a money printing machine :)