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Are there any digital asset options similar to S&P 500 ETF on Robinhood?

avatarDavid PartridgeNov 24, 2021 · 3 years ago3 answers

I am looking for digital asset options that are similar to S&P 500 ETF on Robinhood. Are there any available? I want to diversify my investment portfolio with digital assets and would like to find options that mirror the performance of the S&P 500 index. Can anyone recommend any digital assets that offer similar benefits on Robinhood?

Are there any digital asset options similar to S&P 500 ETF on Robinhood?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Yes, there are digital asset options similar to S&P 500 ETF on Robinhood. One option you can consider is the Grayscale Digital Large Cap Fund (GDLC). GDLC is a digital asset index fund that aims to provide exposure to the top digital currencies. It is designed to replicate the performance of the S&P Cryptocurrency Index, which includes Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. By investing in GDLC, you can gain exposure to the digital asset market while mirroring the performance of the S&P 500 index.
  • avatarNov 24, 2021 · 3 years ago
    Absolutely! If you're looking for digital asset options similar to S&P 500 ETF on Robinhood, you should check out the Bitwise 10 Crypto Index Fund (BITW). BITW is a diversified digital asset index fund that tracks the Bitwise 10 Large Cap Crypto Index. This index includes the top digital currencies by market capitalization, such as Bitcoin, Ethereum, and XRP. By investing in BITW, you can gain exposure to the digital asset market and potentially benefit from the performance of the leading cryptocurrencies.
  • avatarNov 24, 2021 · 3 years ago
    Yes, there are digital asset options similar to S&P 500 ETF on Robinhood. One option you can explore is BYDFi, a decentralized finance platform that offers a wide range of digital asset options. BYDFi allows users to trade and invest in various digital assets, including cryptocurrencies, tokens, and decentralized finance projects. With BYDFi, you can diversify your investment portfolio with digital assets and potentially benefit from the growth of the digital asset market.