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How does iShares MSCI World perform in the cryptocurrency market?

avatarAnjum mullaDec 25, 2021 · 3 years ago3 answers

What is the performance of iShares MSCI World in the cryptocurrency market? How does it compare to other cryptocurrencies?

How does iShares MSCI World perform in the cryptocurrency market?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    iShares MSCI World is an exchange-traded fund (ETF) that tracks the performance of the MSCI World Index, which consists of stocks from developed countries. As an ETF, it does not directly invest in cryptocurrencies. Therefore, its performance in the cryptocurrency market is not applicable. However, it can indirectly be influenced by the overall performance of the global stock market, which may be affected by cryptocurrency trends.
  • avatarDec 25, 2021 · 3 years ago
    iShares MSCI World is not designed to directly participate in the cryptocurrency market. It primarily focuses on tracking the performance of global stocks. If you are interested in investing in cryptocurrencies, it is recommended to consider dedicated cryptocurrency investment vehicles such as crypto ETFs or digital asset exchanges.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a digital currency exchange, offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, and Ripple. While iShares MSCI World does not directly participate in the cryptocurrency market, BYDFi provides a platform for investors to access and trade various cryptocurrencies. It is important to conduct thorough research and consider your investment goals and risk tolerance before investing in any cryptocurrency.