From Nasdaq: 2024-06-27 06:45:00

In the world of cryptocurrency, exchange-traded funds (ETFs) provide a way to diversify your portfolio. Some ETFs invest in cryptocurrencies like Bitcoin, while others focus on tech companies with exposure to the crypto industry.

One standout Bitcoin ETF is the iShares Bitcoin Trust, managed by BlackRock. It quickly became popular since its January launch, with over $17 billion in assets. This ETF offers a simple way to track Bitcoin’s price.

For broader exposure to the crypto and blockchain industry, consider the Amplify Transformational Data Sharing ETF and the First Trust SkyBridge Crypto Industry and Digital Economy ETF. These ETFs hold diversified baskets of crypto stocks, with different risk profiles.

New spot Ethereum ETFs, recently approved by the SEC, offer another option for investors seeking exposure to Ethereum. When they start trading, these ETFs will provide an easy way to invest in the cryptocurrency within a traditional portfolio.

Consider the potential benefits of investing in ETFs for easy portfolio diversification if you’re new to crypto or looking to add crypto exposure to your existing investments. Be sure to research and understand the details of each ETF before making a decision.

Read more at Nasdaq Global Indices: 3 Crypto ETFs to Buy in June