Which mutual funds on Robinhood are suitable for those interested in cryptocurrencies?

3 answers

• Dec 28, 2021 · 3 years ago
  If you're interested in cryptocurrencies and want to invest through mutual funds on Robinhood, there are a few options you can consider. One popular choice is the Grayscale Bitcoin Trust (GBTC), which is a publicly traded trust that holds Bitcoin. Another option is the Bitwise 10 Crypto Index Fund (BITW), which provides exposure to a diversified portfolio of cryptocurrencies. These funds can be a good choice for those who want to invest in cryptocurrencies through a more traditional investment vehicle like mutual funds.
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• Dec 28, 2021 · 3 years ago
  When it comes to mutual funds on Robinhood that are suitable for those interested in cryptocurrencies, you might want to consider the ARK Innovation ETF (ARKK). While not solely focused on cryptocurrencies, this ETF has a significant allocation to innovative technologies, including blockchain and digital assets. It offers exposure to companies involved in the cryptocurrency space, such as Coinbase and Square. Investing in ARKK can be a way to indirectly gain exposure to cryptocurrencies through a diversified portfolio.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a digital currency exchange, offers a range of mutual funds on Robinhood that are suitable for those interested in cryptocurrencies. These funds are specifically designed to provide exposure to various cryptocurrencies and their performance. With BYDFi's mutual funds, you can easily invest in a diversified portfolio of cryptocurrencies without the need to directly hold and manage individual digital assets. This can be a convenient and hassle-free way to gain exposure to the cryptocurrency market.
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