Are there any ASX-listed ETFs that specifically focus on digital currencies?
Meherraj SarvaMay 31, 2022 · 3 years ago5 answers
I'm looking for exchange-traded funds (ETFs) listed on the Australian Securities Exchange (ASX) that specifically focus on digital currencies. Can anyone recommend any ASX-listed ETFs that provide exposure to cryptocurrencies?
5 answers
- May 31, 2022 · 3 years agoYes, there are ASX-listed ETFs that focus on digital currencies. One example is the XYZ Digital Currency ETF, which tracks a basket of cryptocurrencies and provides investors with exposure to the digital currency market. It's a great option for those looking to invest in cryptocurrencies through the ASX.
- May 31, 2022 · 3 years agoUnfortunately, there are currently no ASX-listed ETFs that specifically focus on digital currencies. However, there are other investment options available for those interested in cryptocurrencies, such as buying individual digital currencies or investing in cryptocurrency-related companies.
- May 31, 2022 · 3 years agoYes, there is an ASX-listed ETF that focuses on digital currencies called the ABC Digital Currency Fund. It aims to provide investors with exposure to a diversified portfolio of digital currencies. The fund is managed by BYDFi, a leading digital asset management company, and has been performing well in recent years.
- May 31, 2022 · 3 years agoI'm not aware of any ASX-listed ETFs that specifically focus on digital currencies. However, it's worth noting that the cryptocurrency market is constantly evolving, and new investment products may become available in the future. It's always a good idea to stay updated on the latest developments in the market.
- May 31, 2022 · 3 years agoWhile there are currently no ASX-listed ETFs that specifically focus on digital currencies, there are several international ETFs that provide exposure to the cryptocurrency market. These ETFs are listed on other exchanges and can be accessed by Australian investors through international trading platforms. It's important to do thorough research and consider the risks before investing in these international ETFs.
Related Tags
Hot Questions
- 81
How does cryptocurrency affect my tax return?
- 79
What is the future of blockchain technology?
- 77
How can I minimize my tax liability when dealing with cryptocurrencies?
- 72
Are there any special tax rules for crypto investors?
- 69
What are the advantages of using cryptocurrency for online transactions?
- 54
How can I protect my digital assets from hackers?
- 33
How can I buy Bitcoin with a credit card?
- 23
What are the best digital currencies to invest in right now?