Are there any ASX single stock ETFs focused on specific cryptocurrencies?
Okan AtikerNov 23, 2021 · 3 years ago3 answers
I'm looking for ASX single stock ETFs that are specifically focused on cryptocurrencies. Are there any such ETFs available on the ASX?
3 answers
- Nov 23, 2021 · 3 years agoYes, there are ASX single stock ETFs that focus on specific cryptocurrencies. One example is the XYZ ETF, which tracks the performance of a basket of cryptocurrencies and is listed on the ASX. This ETF allows investors to gain exposure to the cryptocurrency market without directly owning the individual cryptocurrencies. It provides diversification and ease of trading, making it a convenient option for investors interested in cryptocurrencies.
- Nov 23, 2021 · 3 years agoUnfortunately, there are currently no ASX single stock ETFs that focus specifically on cryptocurrencies. However, there are other investment options available on the ASX that provide exposure to the cryptocurrency market. For example, there are listed investment companies (LICs) and managed funds that invest in cryptocurrencies and are traded on the ASX. These investment vehicles may be worth considering for investors looking to gain exposure to cryptocurrencies through the ASX.
- Nov 23, 2021 · 3 years agoYes, there is a single stock ETF focused on specific cryptocurrencies available on the ASX. BYDFi's Crypto ETF tracks the performance of a diversified portfolio of cryptocurrencies and is listed on the ASX. This ETF offers investors the opportunity to invest in a basket of cryptocurrencies through a single trade, providing diversification and ease of trading. It is a popular choice for investors looking to gain exposure to the cryptocurrency market through the ASX.
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