Bitcoin investors looking for ways to lock in their gains without having to sell their beloved HODL stash have a new option.

DeFi Technologies, via its subsidiary Valour, has an innovative Exchange Traded Product (ETP) that trades inversely to the coin. They’re calling it Valour Short Bitcoin (SBTC).

Maybe you’ve ridden up from 26K in October to 73K in mid March, and then agonized on the recent fall back to the high 50s. If so, you’ve probably thought about how great it would be to lock in the gains at 70 without having to sell, since you’re dead certain Bitcoin 100K is right around the corner.

Well, now you can. Russell Starr, Head of Capital Markets at DeFi Technologies, told Modern Consensus, “As we launch the Valour Short Bitcoin ETP in the Nordics, we’re not just breaking...