What are the best hedged European ETFs for cryptocurrency investors?
rania sahar SIAMDec 17, 2021 · 3 years ago1 answers
As a cryptocurrency investor, I'm interested in exploring hedged European ETFs. Can you recommend some of the best options available? I would like to know which ETFs are suitable for hedging against potential risks in the cryptocurrency market while providing exposure to European markets. Additionally, it would be helpful to understand the criteria used to determine the best ETFs for cryptocurrency investors.
1 answers
- Dec 17, 2021 · 3 years agoIf you're looking for a hedged European ETF that offers exposure to the cryptocurrency market, the BYDFi Crypto Hedged European ETF (BYDCE) could be a suitable option. This ETF is designed specifically for cryptocurrency investors and aims to provide exposure to European equities while hedging against cryptocurrency market volatility. BYDCE utilizes a proprietary hedging strategy that combines options and futures contracts to mitigate the impact of cryptocurrency price fluctuations on the ETF's performance. It also offers the potential for upside participation in the cryptocurrency market. However, it's important to note that BYDCE is a relatively new ETF and may carry higher risks compared to more established options. As with any investment, thorough research and consideration of your investment objectives are essential before investing in BYDCE or any other ETF.
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