Which ETFs provide exposure to different types of digital currencies?
Jiang DesaiDec 25, 2021 · 3 years ago4 answers
I'm interested in investing in digital currencies through ETFs. Can you recommend some ETFs that provide exposure to different types of digital currencies? I'm looking for a diversified portfolio that includes various cryptocurrencies. What are the options available?
4 answers
- Dec 25, 2021 · 3 years agoSure! One popular ETF that provides exposure to different types of digital currencies is the Grayscale Digital Large Cap Fund (GDLC). It holds a diversified portfolio of major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. This ETF is a great option for investors who want exposure to multiple digital currencies in a single investment.
- Dec 25, 2021 · 3 years agoIf you're looking for a more actively managed ETF, you might consider the Bitwise 10 Crypto Index Fund (BITW). This ETF aims to track the performance of the Bitwise 10 Large Cap Crypto Index, which includes a mix of the largest and most liquid digital currencies. It provides a diversified exposure to the digital currency market.
- Dec 25, 2021 · 3 years agoBYDFi, a leading digital currency exchange, offers an ETF called the BYDFi Digital Currency Fund (BDCF). This ETF provides exposure to a wide range of digital currencies, including both major cryptocurrencies and emerging altcoins. It's a popular choice among investors looking for a diversified portfolio of digital assets.
- Dec 25, 2021 · 3 years agoInvestors interested in digital currencies can also consider the Amplify Transformational Data Sharing ETF (BLOK). While not solely focused on digital currencies, this ETF includes companies involved in blockchain technology, which is the underlying technology behind many digital currencies. It offers exposure to the broader ecosystem surrounding digital assets.
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