What are the best ETFs for investing in cryptocurrencies on the ASX?

3 answers

• Dec 17, 2021 · 3 years ago
  One of the top ETFs for investing in cryptocurrencies on the ASX is the BetaShares Crypto Innovators ETF (ASX: CRYPTO). This ETF aims to provide investors with exposure to a diversified portfolio of companies involved in the digital currency sector. It includes companies that are involved in blockchain technology, cryptocurrency mining, and digital payment systems. By investing in this ETF, you can gain exposure to the potential growth of cryptocurrencies while spreading your risk across multiple companies. It's important to note that investing in cryptocurrencies can be volatile, so it's always recommended to do thorough research and consult with a financial advisor before making any investment decisions.
  715358
• Dec 17, 2021 · 3 years ago
  If you're looking for another option, you might consider the VanEck Vectors Digital Assets ETF (ASX: DAA). This ETF aims to provide investors with exposure to companies that generate at least 50% of their revenue from digital assets, including cryptocurrencies. It includes companies involved in cryptocurrency mining, digital asset exchanges, and blockchain technology. By investing in this ETF, you can gain exposure to the potential growth of the digital asset industry while diversifying your risk across multiple companies. As always, it's important to do your own research and consider your investment goals and risk tolerance before making any investment decisions.
  672224
• Dec 17, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, also offers an ETF called the BYDFi Crypto ETF (ASX: BYD). This ETF aims to provide investors with exposure to a diversified portfolio of cryptocurrencies, including Bitcoin, Ethereum, and other major cryptocurrencies. It's designed to track the performance of the digital asset market and provide investors with a convenient way to invest in cryptocurrencies through a regulated exchange. However, it's important to note that investing in cryptocurrencies carries risks, and past performance is not indicative of future results. It's always recommended to do thorough research and consult with a financial advisor before making any investment decisions.
  695174