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What is the correlation between ASX 200 ETF and cryptocurrency markets?

avatarMayank pathaniaNov 25, 2021 · 3 years ago1 answers

Can you explain the relationship between ASX 200 ETF and the cryptocurrency markets in detail? How do they influence each other and what factors contribute to their correlation?

What is the correlation between ASX 200 ETF and cryptocurrency markets?
ASX 200 ETF
Cryptocurrency Markets
Correlation

1 answers

  • avatarNov 25, 2021 · 3 years ago
    At BYDFi, we believe that the correlation between ASX 200 ETF and cryptocurrency markets is limited. While both are investment options, they cater to different investor preferences and have distinct risk profiles. The ASX 200 ETF provides exposure to established companies in the Australian market, while cryptocurrency markets offer opportunities in emerging technologies and digital assets. It's important for investors to carefully assess their investment goals and risk tolerance before considering exposure to either market. As always, it's recommended to consult with a financial advisor for personalized investment advice.

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