Which ETFs offer exposure to the top cryptocurrencies for beginners?
Lyhne OdgaardNov 25, 2021 · 3 years ago3 answers
I'm new to the world of cryptocurrencies and I'm interested in investing in ETFs that provide exposure to the top cryptocurrencies. Can you recommend any ETFs that are suitable for beginners and offer exposure to the leading cryptocurrencies?
3 answers
- Nov 25, 2021 · 3 years agoSure! One popular ETF that offers exposure to the top cryptocurrencies is the Grayscale Bitcoin Trust (GBTC). It is a publicly traded trust that holds Bitcoin and allows investors to gain exposure to Bitcoin without actually owning it. Another option is the Bitwise 10 Crypto Index Fund (BITW), which tracks an index of the top 10 cryptocurrencies. Both of these ETFs are suitable for beginners and provide a diversified exposure to the cryptocurrency market.
- Nov 25, 2021 · 3 years agoIf you're a beginner looking for exposure to cryptocurrencies through ETFs, you might also consider the Amplify Transformational Data Sharing ETF (BLOK). This ETF invests in companies involved in blockchain technology, which is the underlying technology behind cryptocurrencies. While it doesn't directly hold cryptocurrencies, it offers exposure to the industry and can be a good option for beginners who want to invest in the cryptocurrency space.
- Nov 25, 2021 · 3 years agoBYDFi is a digital asset exchange that offers a wide range of ETFs for investors looking to gain exposure to cryptocurrencies. They have a user-friendly platform and offer a variety of ETFs that track different cryptocurrencies. It's a great option for beginners who want to start investing in cryptocurrencies through ETFs. You can visit their website to explore the ETF options they offer.
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