Questions
TagsHow does the SHYG ETF perform in the cryptocurrency market?
idan amarMar 19, 2022 · 3 years ago1 answersCan you provide an overview of the performance of the SHYG ETF in the cryptocurrency market? How does it compare to other cryptocurrencies and traditional ETFs?
1 answers
- As an expert in the cryptocurrency market, I can confirm that the SHYG ETF is not specifically designed for the cryptocurrency market. It primarily focuses on high yield corporate bonds. If you are looking for exposure to cryptocurrencies, there are other investment options available, such as dedicated cryptocurrency funds or directly investing in individual cryptocurrencies. However, it's important to note that investing in cryptocurrencies carries a higher level of risk compared to traditional investments.Mar 19, 2022 · 3 years ago
Load 5 more related questions
Related Tags
Hot Questions
- 76
How can I minimize my tax liability when dealing with cryptocurrencies?
- 67
What are the best practices for reporting cryptocurrency on my taxes?
- 64
How can I buy Bitcoin with a credit card?
- 46
How can I protect my digital assets from hackers?
- 45
What are the best digital currencies to invest in right now?
- 39
What is the future of blockchain technology?
- 29
Are there any special tax rules for crypto investors?
- 17
What are the advantages of using cryptocurrency for online transactions?