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Which mutual funds on Robinhood include investments in cryptocurrencies?

avatarMine TopcuogluDec 27, 2021 · 3 years ago3 answers

I would like to know which mutual funds on Robinhood offer investments in cryptocurrencies. Can you provide me with a list of these funds? I am interested in diversifying my portfolio and exploring the potential of cryptocurrencies within the mutual fund space.

Which mutual funds on Robinhood include investments in cryptocurrencies?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Certainly! Robinhood offers several mutual funds that include investments in cryptocurrencies. One popular option is the Bitwise 10 Crypto Index Fund (BITW), which tracks the performance of the top 10 cryptocurrencies. Another option is the Grayscale Digital Large Cap Fund (GDLC), which provides exposure to a diversified basket of digital assets. These funds allow investors to gain exposure to the cryptocurrency market through the convenience of a mutual fund structure.
  • avatarDec 27, 2021 · 3 years ago
    Yes, there are mutual funds on Robinhood that include investments in cryptocurrencies. One example is the ARK Next Generation Internet ETF (ARKW), which invests in companies that are expected to benefit from the development and adoption of blockchain technology. This ETF offers exposure to both cryptocurrencies and blockchain-related stocks, providing investors with a diversified approach to the digital asset space.
  • avatarDec 27, 2021 · 3 years ago
    While Robinhood does offer a range of investment options, including cryptocurrencies, it's important to note that BYDFi is a separate entity and not affiliated with Robinhood. BYDFi is a digital currency exchange that specializes in providing a secure and user-friendly platform for trading cryptocurrencies. If you're specifically interested in trading cryptocurrencies, you may consider exploring BYDFi as an alternative to Robinhood.