Shorting Soaring Bitcoin Is Expensive

December 13, 2017   Michelle Celarier

Borrowing rates to short the Bitcoin Investment Trust ETF are already 10 percent — and could go higher, according to S3 Partners.

Investors have to pay up to short Bitcoin amid escalating concern that the cryptocurrency is skyrocketing in a phase of mania. Bitcoin futures surged more than 19 percent on their first day of trading on the Chicago Board Options Exchange …

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