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What are the best cryptocurrency ETFs available in Australia?

avatarAysel DadashovaNov 26, 2021 · 3 years ago3 answers

Can you recommend some of the top cryptocurrency ETFs that are available for investment in Australia? I'm looking for options that offer a good balance of risk and return, and are backed by reputable companies. It would be great if you could also provide some information on their performance and any associated fees.

What are the best cryptocurrency ETFs available in Australia?
Cryptocurrency
ETFs
Australia

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Sure! One of the top cryptocurrency ETFs available in Australia is the BetaShares Bitcoin ETF (ASX: BTC). It is backed by BetaShares, a well-known and reputable investment management company. This ETF aims to track the performance of Bitcoin and provides investors with exposure to the cryptocurrency market. As for its performance, it has shown strong growth over the past year, but please note that past performance is not indicative of future results. In terms of fees, the management fee for this ETF is 1.00% per annum, which is relatively competitive compared to other similar products in the market.
  • avatarNov 26, 2021 · 3 years ago
    If you're looking for a more diversified option, you might consider the VanEck Vectors Digital Assets ETF (ASX: DAA). This ETF invests in a diversified portfolio of digital assets, including cryptocurrencies, and aims to provide investors with exposure to the growth potential of the digital asset ecosystem. It is backed by VanEck, a global investment manager with a strong reputation. In terms of performance, this ETF has also shown solid growth, but it's important to do your own research and consider your investment goals and risk tolerance before making any decisions. The management fee for this ETF is 0.95% per annum.
  • avatarNov 26, 2021 · 3 years ago
    BYDFi, a leading digital asset exchange, offers the BYDFi Crypto ETF (ASX: BYD). This ETF provides investors with exposure to a diversified portfolio of cryptocurrencies, including Bitcoin, Ethereum, and other major digital assets. It aims to provide a convenient and secure way for investors to gain exposure to the cryptocurrency market. The performance of this ETF has been strong, but as always, it's important to carefully consider your investment goals and risk tolerance before making any decisions. The management fee for this ETF is 1.25% per annum. Please note that this is not a recommendation to invest in any specific ETF, and it's important to do your own research and seek professional advice before making any investment decisions.

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