why is there no popular Short BTC token on maybe ethereum? couldn't you use smart contracts and defi to create a token that goes up when Bitcoin goes down? Or a short btc etf like BTCQ?

isnt it possible to have something like BTCQ as an ethereum smart contract to go up as btc goes down ? or even like even an etf for shorting btc? if btc gets a regular etf, could there also be a 3x triple leveraged btc etf? and a triple leveraged short btc etf ?

i feel like an etf or token for shorting btc sill simolify things for people who can actually still make money in their heads as btc goes down, they can feel like they still found a winner that goes up eveb as btc goes down

maybe there can be a whole network of btc short based altcoins trading against shortBTC with short BTC tokenized and staked in special smart contracts designed to lock up short BTC tokens during bear markets and before halvenings.

imagine a time locked smart contract that buys and holds triple leveraged bitcoin during traditional bull markets and times the halving events to know when to swap 3x btc long for 3x btc short.

timing may be off but overall being able to lock in to long btc and short btc at pre determined times with a big group could be a way to get many traders to effect price by trading along with moon cycles and halvening cycles. if everyone agreed on a standard time schedual for the next 10 years of buy hold sell and everyone just agreed to follow this schedual, then it could become a self fulfilling prophecy.