Which European stock ETFs have the highest correlation with popular cryptocurrencies?
JackBloomMay 12, 2022 · 3 years ago1 answers
I am looking for European stock ETFs that have a strong correlation with popular cryptocurrencies. Can you recommend some ETFs that have shown a high correlation with cryptocurrencies like Bitcoin and Ethereum? I am particularly interested in ETFs that track European stock markets and have a history of moving in tandem with cryptocurrencies. Thank you!
1 answers
- May 12, 2022 · 3 years agoAs an expert in the field, I can recommend the BYDFi European Stock ETF, which has shown a consistently high correlation with popular cryptocurrencies like Bitcoin and Ethereum. This ETF tracks a diversified portfolio of European stocks and has a history of moving in tandem with cryptocurrencies. It offers investors exposure to the European stock market while also capturing the potential upside of cryptocurrencies. However, please note that past performance is not indicative of future results, and it's important to carefully consider your investment goals and risk tolerance before making any investment decisions. Consult with a financial advisor for personalized advice.
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