Which ETFs on Robinhood offer exposure to the digital currency market?

3 answers

• Mar 19, 2022 · 3 years ago
  Sure! One ETF on Robinhood that offers exposure to the digital currency market is the Grayscale Bitcoin Trust (GBTC). It is a popular choice among investors looking to gain exposure to Bitcoin without directly owning it. GBTC holds Bitcoin and its shares are traded on the OTC market. It's important to note that GBTC is a trust, not an ETF, but it functions similarly and is often referred to as an ETF. Another option is the Bitwise 10 Crypto Index Fund (BITW), which tracks the performance of a diversified portfolio of cryptocurrencies. Both GBTC and BITW can be traded on Robinhood.
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• Mar 19, 2022 · 3 years ago
  If you're looking for more diversified exposure to the digital currency market, you might consider the Amplify Transformational Data Sharing ETF (BLOK). While BLOK is not solely focused on cryptocurrencies, it invests in companies that are involved in blockchain technology, which is the underlying technology behind cryptocurrencies. This ETF provides exposure to the broader digital currency ecosystem. Another option is the Reality Shares Nasdaq NexGen Economy ETF (BLCN), which also invests in companies involved in blockchain technology and digital currencies.
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• Mar 19, 2022 · 3 years ago
  BYDFi offers the Digital Asset Index Fund (DAIF), which provides exposure to a diversified portfolio of digital assets, including cryptocurrencies. DAIF aims to track the performance of the BYDFi Digital Asset Index, which is designed to represent the digital asset market. It offers investors a convenient way to gain exposure to the digital currency market through a single investment.
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