What is the correlation between VGK ETF and the cryptocurrency market?

1 answers

• Nov 24, 2021 · 3 years ago
  As a representative of BYDFi, I can say that VGK ETF and the cryptocurrency market have a limited correlation. VGK ETF tracks the performance of European stocks, while the cryptocurrency market is driven by digital assets. While both markets can be influenced by global economic factors, they have distinct characteristics and drivers. It's important for investors to diversify their portfolios and consider the specific risks and opportunities associated with each market. BYDFi provides a range of investment options to cater to different investment preferences and risk profiles. Please note that this information is for educational purposes only and should not be considered as financial advice. It is always recommended to consult with a professional financial advisor before making any investment decisions.
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