ProShares had no comment and referred cnbc to the public filing. Jetzt noch besser informiert! The main difference with shorting the Nasdaq for example, is it will be a lot more volatile, so theres a lot more risk. Its a contract between the client and the broker, where the buyer and seller of the CFD agree to settle any rise or drop in prices in cash on the contract date.
The rate to borrow will also be a bit higher. The SEC staff then requested VanEck withdraw its August 11 application for the bitcoin ETF "until such time as the underlying instruments in which the Fund intends to primarily invest (i.e., bitcoin futures contracts) become available for investment the letter said. The futures market isnt as widely developed as CFDs and margin trading, but its still possible to make bearish bets on bitcoin with options.
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Borrow to Short Bitcoin, most of the brokerages that allow margin trading will also let clients borrow bitcoin to short with no leverage. And the Chicago Board Options Exchange have both asked for approval to list bitcoin futures, so that may open up the market to more investors. Bitfinex, one of the biggest cryptocurrency exchanges, requires initial equity of 30 percent of the position. However, those futures products aren't available yet. Not to mention it hasnt exactly been a good year for bitcoin bears given the 10-fold surge in price. There are ways to bet on a crash, but theyre even riskier than trading the cryptocurrency on the way. Bitcoin dropped more than 30 percent in March after the SEC rejected the Winklevoss brothers' application for a bitcoin ETF, and SolidX Partners' application for a bitcoin exchange-traded product. Right now as of this minute, the race is still to the upside, he said. Published on, updated on, have a confidential tip for our reporters? GET IN touch, before it's here, it's on the Bloomberg Terminal. The SEC said in April it is reviewing its rejection of the Winklevoss brothers' application, and bitcoin has since more than recovered from that plunge. The risk is that these notes dont always trade in line with bitcoin, so the exposure wont be perfect.