One of the Best Ways to Trade the Bitcoin Pullback

Here's how to cheaply trade the Bitcoin downside Here's how to cheaply trade the Bitcoin downside                                                                                                      [Morning Watchlist] You are receiving this email because you are subscribed to Behind the Markets. If you no longer wish to receive these emails, please [unsubscribe]( here.  Prefer to view this content on our website? [Click here.]( --------------------------------------------------------------- Dear Fellow Investor, Bitcoin is in trouble. After rocketing to $73,802, it’s now back down to $60,487.47 and could slip even more. According to Peter Brandt, the founder of Factor Trading, as noted by Business Insider, he expects Bitcoin to drop back into the mid-$30,000 range, or about 50% lower. In addition, there’s been a significant amount of fund outflows. In fact, according to Investing.com, “Data from digital assets manager CoinShares showed on Monday that crypto investment products saw a third straight week of capital outflows- $345 million, their biggest since March. Bitcoin net outflows in particular surged to $423 million, amid waning hype over the spot U.S. ETFs launched earlier this year.” With that, mining stocks like Marathon Digital (MARA) are dropping. MicroStrategy (MSTR), which owns 214,000 Bitcoin, dropped from a recent high of about $2,000 to a recent low of $1,071.13 since the end of March. --------------------------------------------------------------- Sponsored[Before You Invest in AI, Watch THIS First]( Artificial intelligence is the greatest wealth-building opportunity for regular Americans in the past 150 years. Some estimate it will be $15.7 trillion boom. But most folks won’t make a penny. Why? The AI Paradox. Before you spend one nickel on AI… [You need to watch this first.]( --------------------------------------------------------------- ETF: ProShares Short Bitcoin (SYM: BITI) Until Bitcoin bottoms out, one of the best ways to trade its downside is with an ETF, such as the ProShares Short Bitcoin (BITI). This one follows the S&P CME Bitcoin Futures Index, with profitability computed daily (before fees and expenses) as the inverse (-1x) of the index’s daily performance. BITI has an expense ratio of 0.97%. --------------------------------------------------------------- Sponsored[NASDAQ & NYSE Penny Stock Alerts]( SmallCapStocks free email newsletter delivers new high-growth NASDAQ & NYSE penny stock alerts directly to your email inbox before they rally. Detauks covering companies from all sectors of the economy – from tech, biotech and energy to industrials, consumer staples and materials. [To subscribe to SmallCapStocks.com to receive new penny stock alert emails click here.]((By clicking the above link, you are subscribing to receive emails from SmallCapStocks.com + a free subscription to Monument Traders Alliance, Total Wealth, Wealthy Retirement and Liberty Through Wealth. You can opt out at any time.) --------------------------------------------------------------- ETF: ProShares Bitcoin Strategy ETF (SYM: BITO)When Bitcoin does bottom out, and hopefully reverses higher, we can also jump into a long Bitcoin ETF, such as the ProShares Bitcoin Strategy ETF (BITO). With an expense ratio of 0.95%, the BITO ETF tracks the performance of spot Bitcoin, and is the world’s largest and most actively traded cryptocurrency ETF, according to ProShares. BITO is mimicking the price of Bitcoin as closely as possible without investing in the cryptocurrency itself. As noted by Money, “Like all crypto ETFs, part of the allure of BITO is that investors don’t need to deal with cryptocurrency wallets and private keys but can instead invest through a broker they already use.” --------------------------------------------------------------- Sponsored[Top 20 Living Economist Shares the Largest Position in His Personal IRA]( Investing legend Dr. Mark Skousen recently gave a talk to a small group in the heart of Washington, D.C. In it, he revealed the cornerstone of his retirement plan – and the one investment that helped make him a millionaire. Click here to watch Dr. Skousen's presentation – and learn about “the best way to become a millionaire in America.”]( --------------------------------------------------------------- [Free trades! Delivered Right to Your Inbox]( Want more free daily trades in your inbox? [Sign up for Dylan Jovine's Daily Guru Trades]( Are you currently invested in any cyptocurrencies or crypto mining stocks? 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