I'm curious to know, what is the best inverse ETF to buy in the current market? I'm looking for a way to hedge against potential downturns in the stock
market or even specific sectors. Could you provide some insights into which inverse ETFs have performed well in the past and why they might be a good choice for investors seeking to protect their portfolios? I'm particularly interested in understanding the risks and potential rewards associated with these types of investments.
7 answers
BlockchainBaronGuard
Sat Aug 03 2024
One such ETF is the Direxion Daily Dow Jones Internet Bear -3X Shares, which has recorded an impressive 6.01% performance over the month. This inverse ETF tracks the Dow Jones Internet Composite Index and aims to deliver -3x the daily performance of the index.
Carlo
Sat Aug 03 2024
In the realm of cryptocurrency and finance, the performance of inverse ETFs has been a notable trend in 2024. Among the top performers, we find several that have garnered significant attention for their returns.
Silvia
Fri Aug 02 2024
BTCC, a UK-based cryptocurrency exchange, offers a diverse range of services to cater to the needs of traders and investors. These services include spot trading, futures trading, and cryptocurrency wallet solutions.
GyeongjuGloryDaysFestivalJoy
Fri Aug 02 2024
With its spot trading platform, BTCC enables users to buy and sell various cryptocurrencies directly, offering a convenient and secure way to trade digital assets.
Federico
Fri Aug 02 2024
Another strong performer is the Tradr Short Innovation Daily ETF, known by its ticker symbol SARK. With a 2.94% monthly gain, this ETF provides exposure to a basket of companies involved in innovation and technology, but in a bearish manner.