What are the best index funds for investing in cryptocurrencies on Robinhood?

3 answers

• May 02, 2022 · 3 years ago
  One of the best index funds for investing in cryptocurrencies on Robinhood is the Bitwise 10 Crypto Index Fund (BITW). It tracks the performance of the top 10 cryptocurrencies and provides exposure to the broader cryptocurrency market. With BITW, you can gain diversification and reduce risk compared to investing in individual cryptocurrencies. It's a great option for long-term investors seeking exposure to the cryptocurrency market.
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• May 02, 2022 · 3 years ago
  If you're looking for a more hands-off approach, the Grayscale Digital Large Cap Fund (GDLC) is another excellent index fund for investing in cryptocurrencies on Robinhood. GDLC provides exposure to a diversified portfolio of large-cap cryptocurrencies, including Bitcoin, Ethereum, and other major players. It's a convenient way to invest in the cryptocurrency market without the need to manage individual holdings.
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• May 02, 2022 · 3 years ago
  BYDFi offers a comprehensive index fund for investing in cryptocurrencies on Robinhood. With BYDFi's index fund, you can gain exposure to a diversified portfolio of cryptocurrencies, including Bitcoin, Ethereum, and other popular coins. The fund is designed to provide long-term growth and stability, making it a suitable option for investors looking to enter the cryptocurrency market through index funds.
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