Benzinga - The Inverse Cramer Tracker ETF (SJIM: CBOE) is already outperforming the market just two weeks after its debut.
What Happened: Gurgavin Chandhoke, an investor and founder of Uinvst on Tuesday took to Twitter to report that the Inverse Cramer Tracker ETF was outperforming the market by a margin of 5% in the last five days, compared to the SPDR S&P 500 ETF Trust that was down 4.71%.
ITS BEEN A WEEK SINCE THE INVERSE JIM CRAMER ETF WENT LIVE ITS ALREADY OUT PERFORMING THE MARKET BY 5%At the time of writing, Inverse Cramer ETF was up 1.48% while SPDR S&P 500 ETF Trust was down 2%, in the last five days.INVERSE CRAMER NEVER FAILS pic.twitter.com/FSpynZoHi3
— GURGAVIN (@gurgavin) March 14, 2023
Inverse Cramer Tracker ETF began trading on the Chicago Board Options Exchange on March 2. It offers short exposure to Mad Money Host Jim Cramer’s stock recommendations.
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Cramer on Monday said that in light of the cryptocurrency market rebound, he would be selling all of his Bitcoin (CRYPTO: BTC) holdings. He urged investors to exercise caution while dealing with Bitcoin, as the cryptocurrency is still subject to manipulation. On Mad Money, Cramer warned that "Bitcoin is a strange animal," and investors should sell their holdings amid the rally.
“I would sell my Bitcoin into this rally, believe me, and I had been a believer in BTC,” Cramer said.
Price Action: At the time of writing, BTC was trading at $24,879, up 1.79% in the last 24 hours, according to Benzinga Pro.
Read More: Bitcoin, Ethereum, Dogecoin Gain After Inflation Data: Analyst Sees $30K For Apex Crypto As 'Fed's Work Is Almost Done'
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