Which international stock market ETFs offer exposure to the digital currency market?
![avatar](https://download.bydfi.com/api-pic/images/avatars/ve1ji.jpg)
Can you recommend any international stock market ETFs that provide exposure to the digital currency market? I'm interested in diversifying my investment portfolio and would like to explore options beyond direct cryptocurrency investments.
![Which international stock market ETFs offer exposure to the digital currency market?](https://bydfilenew.oss-ap-southeast-1.aliyuncs.com/api-pic/images/en/10/1692adebbfb5fa8a19de5c66b20535729c6257.jpg)
3 answers
- Certainly! One option you can consider is the ARK Next Generation Internet ETF (ARKW). This ETF invests in companies that are expected to benefit from the development and adoption of new technologies, including digital currencies. It offers exposure to various international stock markets and can be a good choice for investors looking to gain exposure to the digital currency market indirectly through stock market investments.
Feb 17, 2022 · 3 years ago
- If you're looking for a more focused ETF that specifically targets the digital currency market, you might want to consider the Amplify Transformational Data Sharing ETF (BLOK). This ETF invests in companies involved in blockchain technology, which is the underlying technology behind many digital currencies. While it primarily focuses on U.S. companies, it may also have exposure to international companies that are involved in the digital currency space.
Feb 17, 2022 · 3 years ago
- BYDFi, a digital currency exchange, offers a unique ETF called the Digital Currency Stock Market ETF (DCSM). This ETF provides exposure to both the digital currency market and the stock market. It invests in companies that are involved in the digital currency industry, such as cryptocurrency exchanges, mining companies, and blockchain technology providers. With DCSM, you can gain exposure to the digital currency market while still benefiting from the stability and diversification of the stock market.
Feb 17, 2022 · 3 years ago
Related Tags
Hot Questions
- 92
Are there any special tax rules for crypto investors?
- 89
What is the future of blockchain technology?
- 88
What are the best digital currencies to invest in right now?
- 80
How does cryptocurrency affect my tax return?
- 79
How can I protect my digital assets from hackers?
- 73
How can I buy Bitcoin with a credit card?
- 35
How can I minimize my tax liability when dealing with cryptocurrencies?
- 31
What are the best practices for reporting cryptocurrency on my taxes?