Which index funds on Robinhood offer exposure to the most popular cryptocurrencies?
Gabriele LaganiDec 17, 2021 · 3 years ago10 answers
I'm interested in investing in index funds on Robinhood that provide exposure to popular cryptocurrencies. Can you recommend any specific index funds that offer this exposure?
10 answers
- Dec 17, 2021 · 3 years agoSure! One index fund on Robinhood that offers exposure to popular cryptocurrencies is the Bitwise 10 Crypto Index Fund (BITW). This fund tracks the performance of the top 10 cryptocurrencies by market capitalization, including Bitcoin, Ethereum, and others. It's a great option for investors looking to diversify their portfolio with cryptocurrencies.
- Dec 17, 2021 · 3 years agoAbsolutely! Another index fund on Robinhood that you can consider is the Grayscale Digital Large Cap Fund (GDLC). This fund provides exposure to a diversified basket of popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. It's a convenient way to invest in multiple cryptocurrencies through a single fund.
- Dec 17, 2021 · 3 years agoBYDFi offers the Crypto Index Fund (CIF), which is designed to provide exposure to a broad range of popular cryptocurrencies. The fund tracks the performance of a carefully selected index of cryptocurrencies, offering investors a diversified and hassle-free way to invest in the crypto market. It's a great option for those who want to simplify their crypto investments.
- Dec 17, 2021 · 3 years agoIf you're looking for a broader range of cryptocurrencies, you might want to consider the Bitwise Crypto Innovators ETF (BITQ). This ETF focuses on companies that are directly involved in the innovation and development of blockchain technology. While it's not an index fund, it offers exposure to the crypto industry through a diversified portfolio of crypto-related stocks.
- Dec 17, 2021 · 3 years agoRobinhood also offers the ARK Fintech Innovation ETF (ARKF), which invests in companies that are at the forefront of financial technology innovation. While it's not specifically focused on cryptocurrencies, it includes holdings in companies that have exposure to the crypto industry. It's a good option for investors who want exposure to both fintech and crypto.
- Dec 17, 2021 · 3 years agoAnother option to consider is the VanEck Vectors Digital Transformation ETF (DAPP). This ETF invests in companies that are involved in the digital transformation of various industries, including finance and technology. While it's not solely focused on cryptocurrencies, it includes holdings in companies that have significant exposure to the crypto market.
- Dec 17, 2021 · 3 years agoIf you're looking for a more actively managed fund, you might want to consider the ARK Next Generation Internet ETF (ARKW). This ETF invests in companies that are at the forefront of disruptive innovation, including blockchain and cryptocurrency-related companies. It's a high-growth option for investors who are bullish on the future of cryptocurrencies.
- Dec 17, 2021 · 3 years agoCertainly! The Invesco Elwood Global Blockchain UCITS ETF (BCHN) is another option to consider. This ETF tracks the performance of companies that are involved in the development and implementation of blockchain technology. While it's not solely focused on cryptocurrencies, it offers exposure to the underlying technology that powers cryptocurrencies.
- Dec 17, 2021 · 3 years agoAbsolutely! The Amplify Transformational Data Sharing ETF (BLOK) is an ETF that invests in companies involved in blockchain technology and cryptocurrencies. It provides exposure to companies that are at the forefront of the blockchain revolution, making it a good option for investors interested in the crypto space.
- Dec 17, 2021 · 3 years agoYes, there are several index funds on Robinhood that offer exposure to popular cryptocurrencies. Some other options to consider include the Reality Shares Nasdaq NexGen Economy ETF (BLCN) and the First Trust Indxx Innovative Transaction & Process ETF (LEGR). These ETFs invest in companies that are involved in the blockchain and cryptocurrency industries, providing investors with exposure to the growing crypto market.
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