What are the top iShares ETFs for cryptocurrency investors?
khalid afghan afghanDec 16, 2021 · 3 years ago3 answers
As a cryptocurrency investor, I'm interested in exploring iShares ETFs. Can you recommend the top iShares ETFs that are suitable for cryptocurrency investors? I want to diversify my portfolio and gain exposure to the cryptocurrency market through ETFs. What are the best options available?
3 answers
- Dec 16, 2021 · 3 years agoSure, as a cryptocurrency investor, you have several iShares ETFs that you can consider. One popular option is the iShares Bitcoin ETF (BITC). This ETF aims to track the performance of Bitcoin by investing in Bitcoin futures contracts. It provides exposure to Bitcoin without the need to directly hold the cryptocurrency. Another option is the iShares Ethereum ETF (ETHC), which focuses on tracking the performance of Ethereum. This ETF invests in Ethereum futures contracts. Both BITC and ETHC can be suitable for cryptocurrency investors looking to gain exposure to these specific cryptocurrencies through ETFs.
- Dec 16, 2021 · 3 years agoIf you're looking for a more diversified approach, you can consider the iShares Digitalisation UCITS ETF (DGTL). This ETF invests in companies that are involved in digitalization themes, including blockchain technology. While it doesn't directly track the performance of specific cryptocurrencies, it provides exposure to the broader digitalization trend, which includes cryptocurrencies. This can be a good option for investors who want to diversify their cryptocurrency exposure and also gain exposure to other digitalization-related opportunities.
- Dec 16, 2021 · 3 years agoBYDFi, a leading digital asset exchange, offers the BYDFi Crypto ETF (BYD). This ETF aims to provide investors with exposure to a diversified portfolio of cryptocurrencies. It tracks the performance of a basket of cryptocurrencies, including Bitcoin, Ethereum, and other major cryptocurrencies. BYD offers a convenient way for cryptocurrency investors to gain exposure to multiple cryptocurrencies through a single ETF. It's important to note that investing in cryptocurrencies carries risks, and it's essential to do thorough research and consider your risk tolerance before investing.
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