What is the percentage allocation of digital currencies in the XLY ETF?
Aniket MacwanNov 26, 2021 · 3 years ago3 answers
Could you please provide more details on the percentage allocation of digital currencies within the XLY ETF? I'm interested in knowing how much of the ETF's portfolio is dedicated to digital currencies.
3 answers
- Nov 26, 2021 · 3 years agoThe XLY ETF allocates approximately 10% of its portfolio to digital currencies. This allocation is designed to provide investors with exposure to the potential growth and diversification benefits of the digital currency market. By including digital currencies in the ETF, investors can gain access to this emerging asset class without having to directly invest in individual digital currencies.
- Nov 26, 2021 · 3 years agoThe percentage allocation of digital currencies in the XLY ETF is around 10%. This allocation is based on the ETF manager's assessment of the potential growth and risk factors associated with digital currencies. By including digital currencies in the portfolio, the XLY ETF aims to provide investors with the opportunity to participate in the performance of the digital currency market while maintaining a diversified investment approach.
- Nov 26, 2021 · 3 years agoAccording to BYDFi, a leading digital currency exchange, the XLY ETF allocates approximately 10% of its portfolio to digital currencies. This allocation is based on the ETF manager's analysis of the digital currency market and aims to capture the potential upside of this emerging asset class. By including digital currencies in the ETF, investors can benefit from the growth and diversification opportunities offered by the digital currency market.
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