Tuesday, August 16, 2022
Home Guides The 5 Best Cryptocurrency ETFs to Invest In

The 5 Best Cryptocurrency ETFs to Invest In

An overview of Bitcoin and other cryptocurrency

In recent years, bitcoin and other cryptocurrency have gained popularity. What began with Bitcoin has developed into a $3 trillion market, with thousands of cryptocurrencies now available to investors worldwide.

Cryptocurrencies have grown in popularity as investment vehicles for both individual and institutional investors. The influx of institutional investors into the cryptocurrency industry has necessitated the creation of crypto-focused funds that allow them to get direct and indirect exposure to Bitcoin and other cryptocurrencies.

What are exchange-traded funds (ETFs)?

An exchange-traded fund (ETF) is a product that tracks the performance of a cryptocurrency, an index, a sector, a commodity, or other assets. Unlike ordinary cryptocurrencies, which are exchanged on crypto exchanges, crypto ETFs are bought and sold like regular equities on stock exchanges.

An ETF can be created to track the performance of any number of securities, from a single stock, commodity, or asset to a huge and diverse portfolio.

An exchange-traded fund (ETF) is a form of security that tracks an index, sector, commodity, or other asset and may be bought and sold on a stock market much like a regular stock.

An ETF can be set up to track anything from a single commodity’s price to a big and diverse group of securities. ETFs can even be built to follow certain investment strategies.

Top five cryptocurrency exchange-traded funds (ETFs) to purchase right now

There is a slew of exchange-traded funds (ETFs) that monitor the performance of cryptocurrencies. The top five ETFs that give you exposure to cryptocurrencies are listed below.

The ProShares Bitcoin Strategy ETF (BITO) 

This is the first cryptocurrency-focused exchange-traded fund (ETF) to be approved in the United States, and it has received a lot of attention. The performance of Bitcoin futures contracts is tracked by the ProShares Bitcoin Strategy ETF.

The funds contain several Bitcoin futures contracts and have amassed more than $1.4 billion in assets under management just a month after being approved by the US Securities and Exchange Commission.

The BITO ETF has an annual cost ratio of 0.95%, or $95 for every $10,000 invested. As a result, it is now one of the top Bitcoin futures ETFs available to investors. As Bitcoin’s usage grows, BITO’s value will rise as more institutional investors seek exposure to the cryptocurrency.

BITO ETF chart. Source: FXEMPIRE

ETF for the Valkyrie Bitcoin Strategy (BTF)

The Valkyrie Bitcoin Strategy ETF (BTF) is a Bitcoin futures ETF that was created just a few days after BITO was approved by the Securities and Exchange Commission. BTF is a stock that trades on the NASDAQ and, like BITO, does not invest directly in Bitcoin.

Rather, BTF trades front-month Bitcoin futures on the Chicago Mercantile Exchange. With a 0.95 percent expense ratio, BTF manages roughly $60 million in assets. Valkyrie wants to create other crypto-focused funds in the next months and years, so this ETF is expected to gain even more traction among investors.

BTF ETF chart. Source: FXEMPIRE

VanEck Bitcoin Strategy ETF (XBTF)

The SEC approved the VanEck Bitcoin Strategy ETF in October, but it only went live on the CBOE today. It’s the third Bitcoin futures ETF accessible in the US, and it’s anticipated to catch on thanks to VanEck’s reputation as one of the country’s top financial businesses. XBTF debuted on the NASDAQ stock exchange today and is currently trading at roughly $60 per share. As demand rises, it may rise even higher in the following weeks and months.

Purpose Bitcoin ETF (BTCC)

While the United States has yet to approve a single Bitcoin ETF, Canada, its North American neighbor, has already done so. With over $1 billion in assets under management, the Purpose Bitcoin ETF (BTCC) is one of the world’s largest spot Bitcoin ETFs. The price of BTCC could rise in the future years as more investors seek ETFs with direct exposure to Bitcoin, especially if the US continues to oppose the creation of comparable products.

Amplify Transformational Data Sharing ETF (BLOK)

Amplify Transformational Data Sharing ETF (BLOK) is a stock exchange-traded fund that invests around 80% of its assets in companies developing blockchain technologies. BLOK does not follow an index, but instead focuses on numerous bitcoin value and growth equities.

MicroStrategy, PayPal, Coinbase, and Square are among BLOK’s biggest holdings. This fund has a 0.71 percent cost ratio, a one-year return of 195 percent, and currently manages more than $1 billion in assets. Because the cryptocurrency industry is expected to grow in size over the coming months and years, BLOK’s value could rise from its present $59 per share if the underlying equities continue to perform well.

Source: Finance Yahoo!

_______________________

About Skyhigh.Vip  

Skyhigh.Vip is a global institutional investor with a vast interest in Arts / Construction / Education / Business Services / E-Sports and various other growth industries.  

Several of its popular portfolios include GO Chambers which is the world’s largest business chamber listing provider with over 30,000 active chambers as its members.  

Flexgigzz is the Asia leading marketplace for freelancers service and together with SOHO Learning Hub which is an online platform for short courses and both of them aims to be the number one provider in Asia. For growth industries such as E-Sport Authority which is dedicated to providing independent media coverage to all E-Sport News related from around the world and for the art world, there is Atelier Auction which is an investable art auctioneer and being in the art scene for decades.

- Advertisment -

Most Popular

DTI: There Is No Exact Rules Of Crypto

DTI or The Philippine Department of Trade and Industry waved off a Binance ban proposal, Due to the lack of regulatory stance on cryptocurrencies from...

ATM Installations Of Crypto Will Dominated By U.S.

ATM Installations Of Crypto Will Dominates By U.S. U.S. dominates crypto due to China our from the competition The US picked up the slack to become...

Indian Taxes Increase, Companies Decrease Amount Of Employee

Indian taxes increase! India's new cryptocurrency tax has dealt a heavy blow to the crypto exchanges in the country, A moment ago, an announcement related to...

Riot Blockchain Moves Their Miner To Texas

Riot Blockchain the Crypto mining firm start relocating their rigs Moving from its New York data facility, With the majority intended to end up in central...

Bitmex Banned Russians From Their Platforms

BitMEX is major cryptocurrency exchange It aims to increase compliance with the European sanctions against Russia By preparing to enforce major restrictions for its Russian users. Then...

ECB Officials Will Consider Newest Crypto Law

ECB officials will get ready for crypto growth As crypto grown so fast, Many countries started to prepare anything related to the digital assets Regulators from 19...

Rumors KuCoin Bankrupt, CEO Gives A Statement

KuCoin is a crypto exchange that used by many users these few times As we know that the line's condition these days shows not really...

U.S. Lawmakers: There Is Inequality In Crypto Industry

U.S. Lawmakers seeing a problem A problem in crypto industry development According to some U.S. lawmakers in the House Financial Services Committee, The lack of diversity in...

Grayscale Investments File Disapproved, CEO Disappointed

Grayscale Investments launched a legal challenge It against the Securities and Exchange Commission (SEC) Previously, they are denied to convert their application From Grayscale Bitcoin Trust (GBTC) Into...