You've probably heard of ethereum, bitcoin, BITO, and BTC, but have you considered investing in these funds? We've compiled a list of the most popular cryptocurrency exchange-traded funds, or ETFs, and discussed how each one works. To make your crypto-based investments even more secure, consider investing in these ETFs in your IRA. These funds offer investors the opportunity to earn a high interest rate while they watch the price of their investments grow.
BITO
A cryptocurrency ETF such as the BITO is a simple way to get exposure to bitcoin. It's not a direct investment in bitcoin, but it's good for new investors who may be intimidated by the volatility of cryptocurrency exchanges. BITO allows investors to add Bitcoin exposure to their portfolio through a brokerage account, which is tax-advantaged. Here's why.
BITQ
The BITQ crypto etf focuses on the Bitcoin ecosystem, as well as other cryptocurrency stocks. Like most cryptocurrencies, it invests in public companies with exposure to the crypto market, such as Coinbase Global and Microstrategy. BITQ has a concentrated 30-stock portfolio, with its top ten holdings making up 62% of the fund's assets. The fund requires a 0.85% management fee each year.
BLCN
The BLCN crypto etf is a promising investment opportunity that tracks the Nasdaq Blockchain Economy Index. It invests in the largest companies in the blockchain technology industry, focusing on companies with more than $200 million in market capitalization. The index currently has more than 60 holdings, including Marathon Digital Holdings, Coinbase, MicroStrategy, American Express, and IBM.
RAAX
If you are looking for a way to diversify your portfolio, RAAX may be the answer. Investing in digital assets has been called the new gold as it has been compared to gold in recent years. While the digital currency has faced massive volatility, its benefits are similar to those of gold, including the protection from inflation and debasement of the currency. RAAX has recently added Bitcoin to its portfolio as a way to get exposure to this new asset class.
ICO20 XA Crypto Asset Index Fund on a Regulated Market in Europe
The ICO20 XA Crypto Asset Index fund on a Regulated Market in Europe is a cryptocurrency mutual fund that invests in 20 of the largest crypto assets. It follows the performance of the BITA20 XA Index, which is a benchmark of the performance of the global crypto asset market. The Fund invests in the top 20 crypto assets using the same weighting and index calculation to maximize passive returns. It deposits its coins into interest-bearing and staking accounts. Only qualified investors are eligible to invest in this fund.
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