What are the best money market funds for investing in cryptocurrency on Schwab?

3 answers

• May 24, 2022 · 3 years ago
  When it comes to investing in cryptocurrency on Schwab, there are a few money market funds that you can consider. One option is the Schwab Government Money Market Fund (SWGXX), which is a low-risk fund that invests in U.S. government securities. Another option is the Schwab Treasury Obligations Money Market Fund (SNOXX), which invests in U.S. Treasury obligations. Both of these funds provide stability and liquidity, making them suitable for investing in cryptocurrency on Schwab.
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• May 24, 2022 · 3 years ago
  If you're looking for a money market fund that specifically focuses on cryptocurrency, Schwab doesn't currently offer such a fund. However, you can still invest in cryptocurrency through Schwab by using other investment vehicles, such as exchange-traded funds (ETFs) or mutual funds that have exposure to cryptocurrency. It's important to do your own research and consider your risk tolerance before investing in these funds.
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• May 24, 2022 · 3 years ago
  BYDFi, a digital currency exchange, offers a variety of money market funds for investing in cryptocurrency. They have funds that are specifically designed for cryptocurrency investors, providing exposure to different cryptocurrencies and offering potential for higher returns. It's worth considering BYDFi as an alternative to Schwab if you're looking for more options and opportunities in the cryptocurrency market.
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