Which Robinhood ETFs offer exposure to the cryptocurrency market?
NidhiyaNov 26, 2021 · 3 years ago3 answers
I'm interested in investing in cryptocurrencies through Robinhood ETFs. Can you recommend any ETFs that provide exposure to the cryptocurrency market?
3 answers
- Nov 26, 2021 · 3 years agoSure! One popular ETF on Robinhood that offers exposure to the cryptocurrency market is the Grayscale Bitcoin Trust (GBTC). It tracks the price of Bitcoin and allows investors to gain exposure to the cryptocurrency without directly owning it. Another option is the Bitwise 10 Crypto Index Fund (BITW), which provides diversified exposure to a basket of cryptocurrencies. Both of these ETFs can be easily traded on Robinhood's platform.
- Nov 26, 2021 · 3 years agoAbsolutely! If you're looking for cryptocurrency exposure through Robinhood ETFs, you might want to consider the Amplify Transformational Data Sharing ETF (BLOK). This ETF invests in companies involved in blockchain technology, which is the underlying technology behind cryptocurrencies. By investing in BLOK, you indirectly gain exposure to the cryptocurrency market. Another option is the Reality Shares Nasdaq NexGen Economy ETF (BLCN), which focuses on companies involved in blockchain and cryptocurrency-related activities.
- Nov 26, 2021 · 3 years agoDefinitely! When it comes to Robinhood ETFs that offer exposure to the cryptocurrency market, one notable option is the Invesco Elwood Global Blockchain UCITS ETF (BCHN). This ETF invests in companies that are involved in the development and implementation of blockchain technology. While it doesn't directly invest in cryptocurrencies, it provides exposure to the underlying technology. Keep in mind that investing in cryptocurrencies and ETFs involves risks, so it's important to do your own research and consider your risk tolerance before making any investment decisions. Happy investing!
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