While Bitcoin-related stocks are all declining, it's interesting that inverse ETFs are hitting record highs. It seems that short-selling investors in MSTR are making significant profits.

Reports say that GraniteShares' 2x leveraged short ETF (MSDD) rose to an all-time high of $114 on Tuesday. This fund is designed to move twice as much in the opposite direction of MSTR's daily performance, meaning if MSTR drops 2% in a day, this ETF rises 4%. The weaker the cryptocurrency market becomes, the more valuable this tool gets.

MSTR, a company holding Bitcoin, has fallen 76% from $543 in November last year to $126. Bitcoin itself has also dropped 12% this year, reflecting the weakness of the world's largest cryptocurrency. Similarly, the short ETF SMST reached $113, its highest in 11 months.

During such times, investors employing bearish ETF strategies are securing solid profits. With Bitcoin trading around $73,000, geopolitical risks and high interest rates are weighing heavily. Since risk assets are under pressure overall, these contrarian tools come into their own.