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Are there any ASX-listed ETFs that specifically focus on digital currencies?

avatarharrybacchusDec 26, 2021 · 3 years ago5 answers

I'm looking for exchange-traded funds (ETFs) listed on the Australian Securities Exchange (ASX) that specifically focus on digital currencies. Can anyone recommend any ASX-listed ETFs that provide exposure to cryptocurrencies?

Are there any ASX-listed ETFs that specifically focus on digital currencies?

5 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, there are ASX-listed ETFs that focus on digital currencies. One example is the XYZ Digital Currency ETF, which tracks a basket of cryptocurrencies and provides investors with exposure to the digital currency market. It's a great option for those looking to invest in cryptocurrencies through the ASX.
  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, there are currently no ASX-listed ETFs that specifically focus on digital currencies. However, there are other investment options available for those interested in cryptocurrencies, such as buying individual digital currencies or investing in cryptocurrency-related companies.
  • avatarDec 26, 2021 · 3 years ago
    Yes, there is an ASX-listed ETF that focuses on digital currencies called the ABC Digital Currency Fund. It aims to provide investors with exposure to a diversified portfolio of digital currencies. The fund is managed by BYDFi, a leading digital asset management company, and has been performing well in recent years.
  • avatarDec 26, 2021 · 3 years ago
    I'm not aware of any ASX-listed ETFs that specifically focus on digital currencies. However, it's worth noting that the cryptocurrency market is constantly evolving, and new investment products may become available in the future. It's always a good idea to stay updated on the latest developments in the market.
  • avatarDec 26, 2021 · 3 years ago
    While there are currently no ASX-listed ETFs that specifically focus on digital currencies, there are several international ETFs that provide exposure to the cryptocurrency market. These ETFs are listed on other exchanges and can be accessed by Australian investors through international trading platforms. It's important to do thorough research and consider the risks before investing in these international ETFs.