Which total stock market ETFs offer exposure to the cryptocurrency market?
Huỳnh Nhân Hồ ThịJan 14, 2022 · 3 years ago7 answers
I am looking for total stock market ETFs that provide exposure to the cryptocurrency market. Can you recommend any ETFs that offer this exposure? I am particularly interested in ETFs that track the performance of cryptocurrencies within the stock market. Thank you!
7 answers
- Jan 14, 2022 · 3 years agoSure! One ETF that offers exposure to the cryptocurrency market is the Grayscale Bitcoin Trust (GBTC). GBTC is a publicly traded trust that holds Bitcoin and aims to track the performance of Bitcoin. It is traded on the stock market like any other stock or ETF. Investing in GBTC allows you to indirectly invest in Bitcoin without having to deal with the complexities of owning and storing actual Bitcoin. Keep in mind that GBTC is not an ETF in the traditional sense, but it provides a similar exposure to the cryptocurrency market.
- Jan 14, 2022 · 3 years agoAbsolutely! Another option is the Bitwise 10 Crypto Index Fund (BITW). This ETF tracks the performance of the Bitwise 10 Large Cap Crypto Index, which includes the top 10 cryptocurrencies by market capitalization. By investing in BITW, you can gain exposure to a diversified portfolio of cryptocurrencies within the stock market. It's a convenient way to invest in the cryptocurrency market without having to manage multiple individual coins.
- Jan 14, 2022 · 3 years agoBYDFi offers the BYD Total Crypto ETF, which provides exposure to the cryptocurrency market. This ETF tracks a diversified basket of cryptocurrencies and aims to provide investors with a way to participate in the potential growth of the cryptocurrency market. Investing in the BYD Total Crypto ETF allows you to easily gain exposure to the cryptocurrency market through a single investment.
- Jan 14, 2022 · 3 years agoIf you're looking for a more traditional ETF that offers exposure to the cryptocurrency market, you might consider the Amplify Transformational Data Sharing ETF (BLOK). While BLOK is not solely focused on cryptocurrencies, it does invest in companies that are involved in blockchain technology and cryptocurrencies. This ETF provides a broader exposure to the cryptocurrency market through companies that are driving innovation in the space.
- Jan 14, 2022 · 3 years agoCertainly! The Reality Shares Nasdaq NexGen Economy ETF (BLCN) is another option to consider. This ETF invests in companies that are involved in blockchain technology and cryptocurrencies. While it is not solely focused on cryptocurrencies, it provides exposure to the broader ecosystem and can be a way to indirectly invest in the cryptocurrency market.
- Jan 14, 2022 · 3 years agoOf course! The Innovation Shares NextGen Protocol ETF (KOIN) is an ETF that focuses on companies involved in blockchain technology and cryptocurrencies. While it is not solely focused on cryptocurrencies, it offers exposure to the broader ecosystem and can be a way to participate in the potential growth of the cryptocurrency market.
- Jan 14, 2022 · 3 years agoDefinitely! The First Trust Indxx Innovative Transaction & Process ETF (LEGR) is an ETF that invests in companies involved in blockchain technology and cryptocurrencies. While it is not solely focused on cryptocurrencies, it provides exposure to the broader ecosystem and can be a way to gain exposure to the potential growth of the cryptocurrency market.
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