What are the top indices that include both Bitcoin and altcoins?
Soumya BaddhamDec 17, 2021 · 3 years ago3 answers
Can you recommend some popular indices that include both Bitcoin and altcoins? I'm looking for a diversified investment option that covers the cryptocurrency market as a whole.
3 answers
- Dec 17, 2021 · 3 years agoSure! One popular index that includes both Bitcoin and altcoins is the Crypto20 index. It tracks the top 20 cryptocurrencies by market capitalization, providing investors with exposure to a diversified portfolio. Another option is the Bitwise 10 Crypto Index, which includes Bitcoin and nine other major altcoins. These indices offer a convenient way to invest in the broader cryptocurrency market without having to individually buy and manage multiple coins.
- Dec 17, 2021 · 3 years agoAbsolutely! If you're interested in investing in Bitcoin and altcoins, you should consider the HODL10 index. It consists of 10 different cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. This index is rebalanced monthly to ensure that it reflects the current market conditions. Another popular choice is the Bitwise 70 Crypto Index, which includes a broader range of altcoins alongside Bitcoin. These indices provide a diversified exposure to the cryptocurrency market and can be a good option for long-term investors.
- Dec 17, 2021 · 3 years agoBYDFi offers a comprehensive index called the Crypto100 Index, which includes both Bitcoin and altcoins. It tracks the top 100 cryptocurrencies by market capitalization, providing investors with broad exposure to the cryptocurrency market. This index is rebalanced quarterly to ensure that it reflects the changing market dynamics. Investing in an index like this can be a smart way to gain exposure to the cryptocurrency market without the need to pick individual coins. It's important to do your own research and consider your investment goals before making any decisions.
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