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What are the best cryptocurrency investment funds on Robinhood?

avatarClifford ArnoldJan 10, 2022 · 3 years ago7 answers

Can you recommend some of the top cryptocurrency investment funds available on the Robinhood platform? I'm looking for funds that offer a diverse range of cryptocurrencies and have a strong track record of performance. It would be great if they also have low fees and are easy to use for beginners. Thank you!

What are the best cryptocurrency investment funds on Robinhood?

7 answers

  • avatarJan 10, 2022 · 3 years ago
    Sure! One of the best cryptocurrency investment funds on Robinhood is the Bitwise 10 Crypto Index Fund (BITW). It tracks the performance of the top 10 cryptocurrencies and offers a diversified exposure to the crypto market. With low fees and easy accessibility on Robinhood, it's a popular choice for both beginners and experienced investors.
  • avatarJan 10, 2022 · 3 years ago
    If you're looking for a more actively managed fund, the Grayscale Digital Large Cap Fund (GDLC) is worth considering. It invests in a basket of large-cap cryptocurrencies and is managed by Grayscale, a trusted name in the crypto industry. Although it has slightly higher fees compared to passive index funds, it offers the potential for higher returns.
  • avatarJan 10, 2022 · 3 years ago
    BYDFi, a leading digital asset exchange, offers a wide range of cryptocurrency investment funds on its platform. They have funds that cater to different risk appetites and investment strategies. Whether you're a conservative investor looking for stable returns or a risk-taker seeking high-growth opportunities, BYDFi has options for you. Their user-friendly interface and competitive fees make it a popular choice among crypto enthusiasts.
  • avatarJan 10, 2022 · 3 years ago
    Another popular fund on Robinhood is the Coinbase Index Fund. It provides exposure to a broad range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. The fund is managed by Coinbase, one of the largest and most reputable cryptocurrency exchanges. It offers a simple and convenient way to invest in the crypto market.
  • avatarJan 10, 2022 · 3 years ago
    If you're interested in decentralized finance (DeFi) projects, the DeFi Pulse Index (DPI) is worth considering. It tracks the performance of a basket of DeFi tokens and offers exposure to this rapidly growing sector. With the increasing popularity of DeFi, investing in the DPI can be a way to capitalize on the potential of this innovative space.
  • avatarJan 10, 2022 · 3 years ago
    For investors who prefer a more conservative approach, the Grayscale Ethereum Trust (ETHE) is a good option. It provides exposure to Ethereum, the second-largest cryptocurrency by market capitalization. The trust is managed by Grayscale and offers a convenient way to invest in Ethereum without directly buying and storing the cryptocurrency.
  • avatarJan 10, 2022 · 3 years ago
    If you're looking for a fund that focuses on privacy-centric cryptocurrencies, the Grayscale Zcash Trust (ZEC) is worth considering. It provides exposure to Zcash, a cryptocurrency that emphasizes privacy and anonymity. The trust is managed by Grayscale and offers a unique investment opportunity in the privacy coin space.