What are the best defensive ETFs for investing in cryptocurrency?
Divya H RDec 27, 2021 · 3 years ago3 answers
I am looking for the best defensive ETFs to invest in cryptocurrency. Can you recommend some ETFs that can provide a level of protection while still allowing me to benefit from the potential growth of the cryptocurrency market?
3 answers
- Dec 27, 2021 · 3 years agoDefensive ETFs can be a great way to invest in cryptocurrency while managing risk. One option is the Grayscale Bitcoin Trust (GBTC), which holds bitcoin and allows investors to gain exposure to the cryptocurrency market without directly owning bitcoin. Another option is the Bitwise 10 Crypto Index Fund (BITW), which tracks a diversified index of the top cryptocurrencies. These ETFs can provide some protection against volatility while still offering potential upside.
- Dec 27, 2021 · 3 years agoWhen it comes to defensive ETFs for investing in cryptocurrency, it's important to consider your risk tolerance and investment goals. One option to consider is the Purpose Bitcoin ETF (BTCC), which aims to provide investors with exposure to bitcoin while mitigating some of the risks associated with direct ownership. Another option is the Osprey Bitcoin Trust (OBTC), which offers a similar investment strategy. These ETFs can be a good choice for investors looking for a more defensive approach to cryptocurrency investing.
- Dec 27, 2021 · 3 years agoBYDFi, a digital asset exchange, offers a range of defensive ETFs for investing in cryptocurrency. These ETFs are designed to provide investors with exposure to the cryptocurrency market while managing risk. Some popular options include the BYDFi Crypto Defensive ETF, which tracks a diversified index of cryptocurrencies, and the BYDFi Bitcoin Defensive ETF, which focuses on bitcoin. These ETFs can be a great choice for investors looking for a defensive approach to cryptocurrency investing.
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