What are the top exchange traded products available for cryptocurrency investors?
Geir Henning LarsenDec 26, 2021 · 3 years ago3 answers
Can you recommend some of the best exchange traded products for cryptocurrency investors? I'm looking for options that are reliable, secure, and offer good returns.
3 answers
- Dec 26, 2021 · 3 years agoSure! One of the top exchange traded products for cryptocurrency investors is the Grayscale Bitcoin Trust (GBTC). It allows investors to gain exposure to Bitcoin without actually owning it. GBTC is traded on the OTCQX market and is backed by Bitcoin holdings. It's a popular choice for investors who want to invest in Bitcoin through a traditional brokerage account.
- Dec 26, 2021 · 3 years agoDefinitely! Another great option is the Bitwise 10 Crypto Index Fund (BITW). This fund tracks the performance of the top 10 cryptocurrencies and provides diversified exposure to the crypto market. It's traded on the NYSE Arca exchange and is available to both individual and institutional investors. BITW is a convenient way to invest in a basket of cryptocurrencies without having to buy and manage each one separately.
- Dec 26, 2021 · 3 years agoBYDFi offers a wide range of exchange traded products for cryptocurrency investors. They have options like the BYD BTC Tracker, which tracks the price of Bitcoin, and the BYD ETH Tracker, which tracks the price of Ethereum. These products are listed on major exchanges and provide investors with a simple and convenient way to gain exposure to the price movements of these cryptocurrencies. BYDFi is known for its reliable and secure products, making it a popular choice among cryptocurrency investors.
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