What are the best passive funds for investing in cryptocurrencies?
Auguste JohnnyDec 16, 2021 · 3 years ago3 answers
I'm interested in investing in cryptocurrencies, but I don't have the time or expertise to actively manage my investments. What are some of the best passive funds available for investing in cryptocurrencies?
3 answers
- Dec 16, 2021 · 3 years agoOne of the best passive funds for investing in 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 directly owning it. GBTC is available on major stock exchanges and can be held in a regular brokerage account. It offers a convenient and regulated way to invest in Bitcoin without the need for a digital wallet or technical expertise.
- Dec 16, 2021 · 3 years agoIf you're looking for a diversified approach to investing in cryptocurrencies, you may consider the Bitwise 10 Crypto Index Fund. This fund tracks the performance of the top 10 cryptocurrencies by market capitalization and rebalances its holdings on a monthly basis. By investing in this fund, you can gain exposure to a basket of cryptocurrencies without the need to individually manage each coin.
- Dec 16, 2021 · 3 years agoBYDFi offers a passive fund called the Crypto Index Fund, which provides investors with exposure to a diversified portfolio of cryptocurrencies. The fund is managed by a team of experts who actively monitor and rebalance the portfolio to optimize returns. Investing in the Crypto Index Fund allows you to benefit from the potential growth of the cryptocurrency market without the need for active management.
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