What are the best international ETFs for diversifying into cryptocurrencies?
PenguinsDec 28, 2021 · 3 years ago4 answers
I'm interested in diversifying my investment portfolio into cryptocurrencies, and I've heard that international ETFs can be a good option. Can you recommend some of the best international ETFs for investing in cryptocurrencies? I'm looking for ETFs that offer exposure to a diverse range of cryptocurrencies and have a good track record. What are the key factors to consider when choosing an international ETF for cryptocurrencies?
4 answers
- Dec 28, 2021 · 3 years agoWhen it comes to diversifying into cryptocurrencies through international ETFs, there are a few options worth considering. One popular choice is the Bitwise 10 Crypto Index Fund (BITW), which tracks an index of the top 10 cryptocurrencies. Another option is the Grayscale Digital Large Cap Fund (GDLC), which provides exposure to a diversified basket of large-cap cryptocurrencies. Both of these ETFs have gained popularity among investors looking to diversify their cryptocurrency holdings.
- Dec 28, 2021 · 3 years agoIf you're looking for a more actively managed international ETF, the ARK Next Generation Internet ETF (ARKW) could be a good choice. While it doesn't focus solely on cryptocurrencies, it invests in companies that are expected to benefit from the development and adoption of blockchain technology. This ETF offers exposure to both domestic and international companies, providing a broader approach to investing in the cryptocurrency space.
- Dec 28, 2021 · 3 years agoBYDFi, a leading digital asset exchange, offers a range of international ETFs that provide exposure to cryptocurrencies. Their ETFs are designed to track the performance of various cryptocurrency indexes and offer investors a convenient way to diversify their portfolios. With BYDFi's international ETFs, you can gain exposure to a wide range of cryptocurrencies without the need to directly hold and manage individual coins. It's a great option for investors looking for a hassle-free way to invest in cryptocurrencies.
- Dec 28, 2021 · 3 years agoWhen choosing an international ETF for cryptocurrencies, there are a few key factors to consider. First, look at the ETF's track record and performance history. A solid track record indicates that the ETF has been able to deliver consistent returns over time. Second, consider the ETF's expense ratio and any additional fees. Lower expenses can help maximize your investment returns. Finally, look at the ETF's holdings and diversification strategy. A well-diversified ETF should offer exposure to a range of cryptocurrencies, reducing the risk associated with individual coins.
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