by Ian Cooper

Bitcoin just hit an all-time high of $69,000.

And was met with selling pressure, which is to be expected. Most times, when an asset explodes like BTC has, you’ll want to protect some of what you have. It’s a safe, smart move.

We strongly believe Bitcoin is headed to $80,000.

Not only on the fear of missing out (FOMO), but also ahead of the Bitcoin halving — where the BTC mining reward is cut in half to reduce the number of new coins entering the network. “If fewer Bitcoins are being made available, the price ought to rise, assuming demand remains constant or increases,” says. BitPay.com.

However, before that happens we also believe Bitcoin could see more profit-taking.

And again, we can profit from both sides, using ETFs such as:

The ProShares Bitcoin Strategy ETF (BITO)

If you believe the value of BTC will push higher, you can invest in the Pro Shares Bitcoin Strategy ETF(BITO). With an expense ratio of 0.95%, the 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.”

The ProShares Short Bitcoin (BITI)

Or, if you believe Bitcoin will drop in price again, or if you want to hedge a long bet, there’s also 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%.