Bitcoin and other cryptocurrencies can be among the most volatile securities trading today.
A safer way to invest in cryptos and blockchain-technology companies is through exchange traded funds.
The Amplify Transformational Data Sharing ETF BLOK is, by far, the largest ETF focused on cryptocurrencies and companies that use or develop blockchain technology. It has $1.3 billion in assets and is actively managed. The second-biggest ETF in the space is the Siren Nasdaq NexGen Economy ETF BLCN, which is passively managed — it follows an index — and has $291 million in assets. Both ETFs were established on Jan. 17, 2018. There’s more about each of them below.
Digital currencies — risks and rewards
Before digging into the blockchain ETFs, consider the risks of bitcoin and other digital currencies beyond volatility. For example, if you hold bitcoin in a digital wallet, make sure you don’t lose your password. One investor lost access to an account with 7,002 bitcoin in 2012, according to Yahoo Finance. That equates to more than $327 million, based on bitcoin’s BTCUSD, -1.30% settled price of $46,777 on Sept. 7
Continue reading: https://www.marketwatch.com/story/heres-a-safer-way-to-invest-in-bitcoin-and-blockchain-technology-11631199388
A safer way to invest in cryptos and blockchain-technology companies is through exchange traded funds.
The Amplify Transformational Data Sharing ETF BLOK is, by far, the largest ETF focused on cryptocurrencies and companies that use or develop blockchain technology. It has $1.3 billion in assets and is actively managed. The second-biggest ETF in the space is the Siren Nasdaq NexGen Economy ETF BLCN, which is passively managed — it follows an index — and has $291 million in assets. Both ETFs were established on Jan. 17, 2018. There’s more about each of them below.
Digital currencies — risks and rewards
Before digging into the blockchain ETFs, consider the risks of bitcoin and other digital currencies beyond volatility. For example, if you hold bitcoin in a digital wallet, make sure you don’t lose your password. One investor lost access to an account with 7,002 bitcoin in 2012, according to Yahoo Finance. That equates to more than $327 million, based on bitcoin’s BTCUSD, -1.30% settled price of $46,777 on Sept. 7
Continue reading: https://www.marketwatch.com/story/heres-a-safer-way-to-invest-in-bitcoin-and-blockchain-technology-11631199388
