Which index funds offer exposure to the cryptocurrency market?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! One popular index fund that offers exposure to the cryptocurrency market is the Grayscale Bitcoin Trust (GBTC). GBTC is a publicly traded trust that holds Bitcoin and allows investors to gain exposure to Bitcoin without actually owning it. It's a convenient option for those who want to invest in Bitcoin through their brokerage accounts. However, it's important to note that GBTC trades at a premium to the actual Bitcoin price, so the investment returns may not perfectly track the performance of Bitcoin itself.
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• Dec 17, 2021 · 3 years ago
  Absolutely! Another index fund that provides exposure to the cryptocurrency market is the Bitwise 10 Crypto Index Fund. This fund tracks the Bitwise 10 Large Cap Crypto Index, which is designed to capture a broad representation of the cryptocurrency market. It includes major cryptocurrencies like Bitcoin, Ethereum, and more. The fund rebalances monthly to ensure it reflects the current market conditions. It's a great option for investors looking for diversified exposure to the cryptocurrency market.
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• Dec 17, 2021 · 3 years ago
  BYDFi offers an index fund called the Crypto Market Index Fund (CMIF) that provides exposure to the cryptocurrency market. CMIF tracks a basket of major cryptocurrencies and aims to replicate the performance of the overall cryptocurrency market. It's a passive investment option that allows investors to gain exposure to the cryptocurrency market without the need to actively manage individual cryptocurrencies. However, it's important to do your own research and consider your investment goals before investing in any index fund.
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