What are the best automatic investment options for cryptocurrency in fidelity ETFs?
appala nikithaDec 27, 2021 · 3 years ago3 answers
I'm looking for the best automatic investment options for cryptocurrency in fidelity ETFs. Can you recommend any specific options that are reliable and have a good track record? I want to make sure I'm investing in the right cryptocurrencies through fidelity ETFs.
3 answers
- Dec 27, 2021 · 3 years agoWhen it comes to automatic investment options for cryptocurrency in fidelity ETFs, one option that stands out is the Grayscale Bitcoin Trust (GBTC). GBTC is a popular choice for investors looking to gain exposure to Bitcoin through a traditional investment vehicle. It allows investors to gain exposure to Bitcoin without the need to directly own and store the cryptocurrency. With GBTC, you can benefit from the potential upside of Bitcoin while avoiding the complexities of managing a digital wallet. It's important to note that GBTC is a trust, not an ETF, but it offers similar exposure to Bitcoin. However, it's always recommended to do your own research and consult with a financial advisor before making any investment decisions.
- Dec 27, 2021 · 3 years agoIf you're looking for a more diversified option, you might consider the Bitwise 10 Crypto Index Fund (BITW). This fund tracks an index of the top 10 cryptocurrencies by market capitalization and provides exposure to a broader range of digital assets. By investing in BITW, you can benefit from the potential growth of multiple cryptocurrencies while spreading out your risk. It's important to note that like GBTC, BITW is also a trust and not an ETF. However, it offers a convenient way to invest in a diversified portfolio of cryptocurrencies through fidelity ETFs.
- Dec 27, 2021 · 3 years agoBYDFi offers a unique automatic investment option for cryptocurrency in fidelity ETFs. With BYDFi's automated investment platform, you can easily set up recurring investments in a variety of cryptocurrencies through fidelity ETFs. BYDFi's platform is designed to make investing in cryptocurrencies simple and hassle-free. You can choose from a range of cryptocurrencies and set your investment preferences, such as the amount and frequency of investments. BYDFi takes care of the rest, automatically executing your investment orders. It's a great option for investors looking for a hands-off approach to cryptocurrency investing through fidelity ETFs.
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