What are some popular cryptocurrency ETFs available on Robinhood?
Mansour Diagne JuniorDec 14, 2021 · 3 years ago3 answers
Can you recommend some popular cryptocurrency ETFs that are available for trading on the Robinhood platform? I'm interested in investing in cryptocurrencies but would prefer the convenience of trading them through an ETF on Robinhood. Could you provide some options and insights on these popular cryptocurrency ETFs?
3 answers
- Dec 14, 2021 · 3 years agoSure! One popular cryptocurrency ETF available on Robinhood is the Grayscale Bitcoin Trust (GBTC). It allows investors to gain exposure to Bitcoin without directly owning it. Another option is the Bitwise 10 Crypto Index Fund (BITW), which offers diversified exposure to a basket of cryptocurrencies. These ETFs can be easily traded on the Robinhood platform, making it convenient for investors to access the cryptocurrency market.
- Dec 14, 2021 · 3 years agoAbsolutely! If you're looking for a cryptocurrency ETF on Robinhood, you might want to consider the Amplify Transformational Data Sharing ETF (BLOK). While not solely focused on cryptocurrencies, BLOK includes companies involved in blockchain technology, which is the underlying technology behind cryptocurrencies. This ETF provides exposure to the broader cryptocurrency ecosystem and can be a good option for investors interested in the potential of blockchain technology.
- Dec 14, 2021 · 3 years agoCertainly! One of the popular cryptocurrency ETFs available on Robinhood is the BYDFi Crypto ETF (BYDC). This ETF offers a diversified portfolio of cryptocurrencies, including Bitcoin, Ethereum, and other major cryptocurrencies. It aims to provide investors with exposure to the overall performance of the cryptocurrency market. With BYDFi Crypto ETF, investors can easily trade and track the performance of multiple cryptocurrencies on the Robinhood platform.
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