Are digital currency ETFs covered by SIPC insurance?

3 answers

• May 02, 2022 · 3 years ago
  No, digital currency ETFs are not covered by SIPC insurance. SIPC insurance is designed to protect investors in the event of a brokerage firm's failure, but it does not cover losses or theft of digital currencies. Digital currencies are not considered securities and therefore do not fall under the jurisdiction of SIPC.
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• May 02, 2022 · 3 years ago
  Unfortunately, SIPC insurance does not extend its coverage to digital currency ETFs. SIPC primarily protects investors against the loss of cash and securities held by a brokerage firm. Since digital currencies are not classified as securities, they are not eligible for SIPC protection.
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• May 02, 2022 · 3 years ago
  While SIPC insurance does not cover digital currency ETFs, it's important to note that there are other forms of insurance available for digital currencies. Some exchanges offer their own insurance policies to protect against theft or loss. It's always a good idea to research and choose a reputable exchange that provides adequate security measures and insurance coverage for your digital assets.
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