Which ETFs offer exposure to the blockchain technology behind cryptocurrencies?
BudSpencerDec 25, 2021 · 3 years ago3 answers
Can you recommend any ETFs that provide exposure to the underlying blockchain technology of cryptocurrencies? I'm interested in investing in this technology, but I'm not sure where to start. I've heard that ETFs can be a good way to gain exposure to a specific sector, so I'm curious if there are any ETFs focused on blockchain technology.
3 answers
- Dec 25, 2021 · 3 years agoCertainly! One popular ETF that offers exposure to blockchain technology is the Amplify Transformational Data Sharing ETF (BLOK). This ETF invests in companies that are actively involved in the development and utilization of blockchain technology. It's a great option for investors looking to gain exposure to this rapidly growing sector. Another option is the Reality Shares Nasdaq NexGen Economy ETF (BLCN). This ETF focuses on companies that are involved in blockchain technology, as well as other disruptive technologies like artificial intelligence and robotics. If you're looking for a more diversified approach, you might consider the Innovation Shares NextGen Protocol ETF (KOIN). This ETF invests in companies that are involved in blockchain technology, as well as other emerging technologies like cybersecurity and cloud computing. Remember to do your own research and consider your investment goals before making any decisions. ETFs can be a great way to gain exposure to blockchain technology, but they also come with their own risks and considerations.
- Dec 25, 2021 · 3 years agoSure thing! One ETF that you might want to look into is the First Trust Indxx Innovative Transaction & Process ETF (LEGR). This ETF invests in companies that are involved in blockchain technology, as well as other innovative transaction and process technologies. It's a unique way to gain exposure to the blockchain sector while also diversifying your investment. Another option is the Global X FinTech ETF (FINX). While not solely focused on blockchain technology, this ETF includes companies that are involved in various aspects of financial technology, including blockchain. It's a broader play on the fintech sector, but still offers exposure to blockchain technology. Lastly, the Innovation Shares NextGen Vehicles & Technology ETF (EKAR) is worth considering. This ETF invests in companies that are involved in emerging technologies, including blockchain, as well as electric vehicles and autonomous driving. It's a more niche option, but could be of interest if you're looking for exposure to multiple innovative sectors.
- Dec 25, 2021 · 3 years agoCertainly! One ETF that offers exposure to the blockchain technology behind cryptocurrencies is the BYDFi Blockchain ETF. This ETF is designed to track the performance of companies that are involved in blockchain technology, including those that provide infrastructure, services, or applications related to cryptocurrencies. It's a great option for investors looking to capitalize on the potential of blockchain technology. Remember to conduct your own research and consider your investment goals before making any decisions. ETFs can be a valuable tool for gaining exposure to blockchain technology, but it's important to understand the risks and potential rewards involved.
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