shorting

Bitcoin undoubtedly continues to be and will continue to be, for the rest of its history, the greatest exponent of the cryptocurrency industry worldwide. This is mainly due to the fact that it is the most representative cryptocurrency of all, and the one that has been best managed since the beginning of its history. Its rules are clear, its code, although open, is very secure, and it is the only truly untraceable cryptocurrency. Despite this, it does not escape the big problems that the cryptocurrency market has been…

For the last month, hedge funds have been shorting Tether and betting on a potential collapse of the stablecoin that is pegged to the US dollar.Shorting refers to the act of selling an asset with the expectation that it will fall in value in the future. When the asset value drops, short sellers generally hope to repurchase the asset and make a profit from the difference in market price.According to Leon Marshall, Genesis’s head of institutional sales, “There has been a real spike in the interest from traditional hedge…

ProShares, a provider of bitcoin-linked exchange traded funds (ETF), announced that it plans to launch an ETF aimed at shorting the world's largest cryptocurrency. Called the ProShares Short Bitcoin Strategy ETF (NYSE Ticker: BITI), the fund will provide a way for investors to potentially profit from a decline in the price of bitcoin or hedge their cryptocurrency exposure with an ETF, the company said in a statement. It is further intended to address the challenge of acquiring short exposure to bitcoin, which can be…