Background: I have a NASDAQ-heavy portfolio, and wanted to use the SQQQ ETF (Short leveraged Nasdaq-100 ETF) as a way to hedge on days when I expect the whole index to go down (one sub-question here is - assuming this is done in short term when the market seems to be dropping, is this a good way to hedge?)
However, from what I see, because of new EU regulations, EU retail investors can't invest in (most?) US-based ETFs.
I am now learning about Options as a common way to hedge, but if one has many positions it would be a lot more time-consuming and generate a lot more fees - whereas an ETF that counters the majority of the portfolio would be a single transaction pair and act as a close-enough nullification of daily gains/losses with ease.
So, the several questions I have arising from this issue would be:
1) Is there any way for an EU citizen (small retail investor) to buy US ETFs like Proshares QQQ/SQQQ?
2) Are there any alternatives to TQQQ/SQQQ for EU citizens? (inversed is prefered so one can long instead of shorting, and leveraged is prefered, so a smaller cash % is needed to cover the bigger part of the portfolio)? I see EQQQ exists, but it is unleveraged and would need to be shorted to serve as a hedge.
3) If the answer to both (1) and (2) is "no", what other options are there? Is there any way to do this without hedging every single portfolio position via "put options"?