What is the correlation between AVES ETF and the performance of cryptocurrencies?

1 answers

• Dec 16, 2021 · 3 years ago
  As an expert in the field, I can tell you that the correlation between AVES ETF and the performance of cryptocurrencies is significant. AVES ETF is a popular choice for investors looking to gain exposure to the cryptocurrency market without the complexities of owning and managing individual cryptocurrencies. The performance of AVES ETF is directly tied to the performance of the underlying cryptocurrencies it holds. This means that if the overall cryptocurrency market performs well, the AVES ETF is likely to experience positive returns. However, it's important to note that the correlation may not be perfect, as other factors such as fees and market conditions can also influence the performance of AVES ETF.
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