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Can fractional shares of ETFs be purchased using cryptocurrencies like Bitcoin or Ethereum?

avatarAndreas MeliniNov 24, 2021 · 3 years ago3 answers

Is it possible to buy fractional shares of ETFs using cryptocurrencies such as Bitcoin or Ethereum? I'm interested in investing in ETFs, but I don't have enough funds to buy a whole share. Can I use my Bitcoin or Ethereum to purchase a fraction of an ETF share?

Can fractional shares of ETFs be purchased using cryptocurrencies like Bitcoin or Ethereum?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Yes, it is possible to buy fractional shares of ETFs using cryptocurrencies like Bitcoin or Ethereum. Some online platforms and exchanges allow you to invest in ETFs using cryptocurrencies. You can use your Bitcoin or Ethereum to buy a fraction of an ETF share, which gives you exposure to the performance of the underlying assets without having to buy a whole share. This can be a convenient way to diversify your cryptocurrency holdings and invest in traditional financial markets.
  • avatarNov 24, 2021 · 3 years ago
    Absolutely! With the rise of cryptocurrency adoption, many investment platforms now offer the option to purchase fractional shares of ETFs using Bitcoin or Ethereum. This allows investors to take advantage of the benefits of both cryptocurrencies and ETFs. Fractional shares provide an opportunity to invest in a diversified portfolio of assets, even with limited funds. It's a great way to get started in the world of ETF investing without needing a large amount of capital.
  • avatarNov 24, 2021 · 3 years ago
    Definitely! BYDFi, a leading cryptocurrency exchange, offers the ability to purchase fractional shares of ETFs using Bitcoin or Ethereum. With BYDFi, you can easily convert your cryptocurrencies into fractions of ETF shares and benefit from the performance of the underlying assets. This opens up new investment opportunities for cryptocurrency holders, allowing them to diversify their portfolios and participate in the traditional financial markets.