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How to buy Direxion Bitcoin Strategy Bear ETF

Own Direxion Bitcoin Strategy Bear ETF units in just a few minutes.

Exchange-traded fund company Direxion has filed for approval to issue the Direxion Bitcoin Strategy Bear ETF, a short fund which would bascally bet that the price of Bitcoin will go down.

Like the two Bitcoin-based ETFs that recently hit the market, ProShares Bitcoin Strategy ETF and Valkyrie Bitcoin Strategy fund, the Direxion ETF would hold bitcoin futures, rather than the asset itself. But as an inverse fund, shares would gain when the price of Bitcoin fell, and vice versa.

Securities and Exchange Commission approval of the first Bitcoin-based funds for trading in the US after years of waiting was a landmark for crypto, and many other ETFs may be on the way.

How to invest in Direxion Bitcoin Strategy Bear

  1. Compare online brokers. To invest in exchange traded funds (ETFs) listed in the United States, you will need to sign up to an ETF broker with access to US markets. Our table below can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for the Direxion Bitcoin Strategy Bear. Find the ETF by name or ticker symbol: N/A. Research it using the prospectus and other information at the sponsor's site to make sure you understand how it works and to confirm it's a solid investment based on your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until the Direxion Bitcoin Strategy Bear reaches your desired price.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs.
  6. Check in on your investment. Congratulations, you've invested in the Direxion Bitcoin Strategy Bear.

INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

Compare online ETF brokers

1 - 5 of 5
Name Product Asset types Stock trade fee Minimum deposit Signup bonus
Finder Award
eToro
Stocks, ETFs, Cryptocurrency
$0
$10
$10
when you sign up and deposit $100
Trade stocks in the app or online with $0 commissions. Not available in NY, NV, MN, or TN.
Client disclaimer: US Brokerage services through eToro USA Securities Inc, member of FINRA, SIPC. Crypto assets through eToro USA LLC.
SoFi Invest
Stocks, ETFs, Cryptocurrency
$0
$1
$10 - $100
when you open an account and place a first crypto trade of $50 - $5,000+
A free way to invest in most equities.
Tastyworks
Stocks, Options, ETFs, Cryptocurrency
$0
$0
$200 in US stocks
when you open and fund an account with min. $2,000 for 3+ mos.
Trade stocks, options, ETFs and futures on mobile or desktop with this advanced platform.
JPMorgan Self-Directed Investing
Stocks, Bonds, Options, Mutual funds, ETFs
$0
$0
$125 - $625
when you open and fund an account with $25,000 - $250,000+
INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE
Axos Bank Self Directed Investing
Stocks
$0
$1,000
$150
when you open an account and deposit at least $1500.
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*Signup bonus information updated weekly.

What we know about the Direxion Bitcoin Strategy Bear

Launched by ETF provider Direxion, the short fund will invest in Bitcoin futures like the other Bitcoin-based funds now trading in the US.

This means investors don't actually own the underlying asset itself but rather are betting on the future value of Bitcoin.

But they make money when the price of Bitcoin rises. Short or inverse funds move the opposite way, profiting when the asset falls.

We will update this page as more details become available.

Bitcoin ETF or Bitcoin: Which is better for you?

Quick verdict

Bitcoin ETFs better for
  • Investors who want exposure to Bitcoin without owning the actual asset or setting up a separate account
  • Frequent traders looking to avoid upfront fees for buying and selling Bitcoin
  • Investors who'd rather pay an annual fee than trade fees
  • Investors who don't plan to trade outside US stock-market hours
  • Investors who see safety in regulatory oversight, since ETFs and futures markets are more regulated in the US than cryptocurrencies
Bitcoin better for
  • Investors looking for an investment in crypto itself
  • Investors who want to take full advantage of exposure to Bitcoin's price movements by owning it directly
  • Long term investors looking to avoid a large annual fee
  • Investors who plan to trade 24/7 or whenever there's a big price change

Are cryptocurrency ETFs a good investment?

Jeff Yew

Jeff Yew
Founder & CEO at Monochrome Asset Management

For everyday investors, accumulating physical Bitcoin comes with added hurdles of custody and operational risks.

"Bitcoin as a technology is battle-tested, but there is an inherent operator's risk when self-acquiring, holding and managing a bitcoin position even for the most experienced digital native, hence there's a market for those who prefer a safe pair of hands to manage their investment in exchange for a small management fee.

"Investing in a Bitcoin ETF offers investors the benefits of a safe yet low barrier to diversifying their portfolio into the asset class since it's a well understood financial product for most investors."

Who is the Direxion Bitcoin Strategy Bear suited for?

The Direxion Bitcoin Strategy Bear ETF will allow investors to play the price of Bitcoin without physically owning the asset.

As a short fund, it's geared to people who want to bet Bitcoin will fall. Previously, the only ways to do this were using derivatives like futures contracts and options, which are generally only used by specialized traders.

Short funds are safer and simpler to use than those, but still generally tools for traders, not long term investing.

Disclaimer: The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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