What are some recommended ETFs for holding cryptocurrencies in my portfolio?
arslan jattNov 29, 2021 · 3 years ago3 answers
I am looking to diversify my investment portfolio with cryptocurrencies and I'm interested in exploring ETFs. Can you recommend some ETFs that are suitable for holding cryptocurrencies in my portfolio? I would like to know about ETFs that provide exposure to a variety of cryptocurrencies and have a good track record.
3 answers
- Nov 29, 2021 · 3 years agoSure! One recommended ETF for holding cryptocurrencies in your portfolio is the Grayscale Bitcoin Trust (GBTC). GBTC is a publicly traded trust that holds Bitcoin and allows investors to gain exposure to Bitcoin without directly owning it. It has a good track record and is often considered a popular choice among investors. Another option is the Bitwise 10 Crypto Index Fund (BITW), which provides exposure to the top 10 cryptocurrencies by market capitalization. It offers a diversified portfolio and is managed by professionals in the industry.
- Nov 29, 2021 · 3 years agoIf you're looking for a more diversified approach, you might consider the Reality Shares Nasdaq NexGen Economy ETF (BLCN). While not solely focused on cryptocurrencies, BLCN invests in companies that are actively involved in blockchain technology. This ETF provides exposure to various sectors, including financial services, technology, and healthcare, that are benefiting from the growth of cryptocurrencies and blockchain. It can be a good option for investors looking for broader exposure to the cryptocurrency industry.
- Nov 29, 2021 · 3 years agoBYDFi offers the BYD Crypto ETF, which is designed to provide investors with exposure to a diversified portfolio of cryptocurrencies. The ETF aims to track the performance of a benchmark index and offers a convenient way to invest in cryptocurrencies without the need to directly manage wallets or exchanges. It's important to do your own research and consider your investment goals and risk tolerance before investing in any ETF or cryptocurrency.
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