From Nasdaq:

Bitcoin ETFs are criticized for lack of diversification, but there are alternatives like tech ETFs focusing on cryptocurrency and blockchain. Vanguard Information Technology ETF and Technology Select Sector SPDR Fund are top choices. More thematically focused tech funds with net assets of at least $100 million connected to Bitcoin are preferred.

Alternative choices to Bitcoin ETFs include the Amplify Transformational ETF (BLOK), a blockchain-related ETF with $884.6 million in net assets. It invests in companies utilizing blockchain technology, including Bitcoin miners and fintech platforms. BLOK has a diverse portfolio with its top 10 holdings accounting for 39% of net assets.

First Trust Indxx Innovative Transaction & Process ETF (LEGR) is a smaller ETF with $102.6 million in net assets. It tracks the Indxx Blockchain Index, investing in companies categorized as Active Enablers, Active Users, and Active Explorers in the blockchain space. LEGR has seen growth of 43.3% over the past five years.

Bitwise Bitcoin and Ether Equal Weight Strategy ETF (BTOP) was launched in September 2023 with $5.2 million in net assets. It offers exposure to Bitcoin and Ethereum through CME Futures contracts but has a higher expense ratio at 0.85%. Investors may prefer the iShares Bitcoin ETF until spot Ethereum ETFs are approved.



Read more at Nasdaq: Stop! Skip the Bitcoin ETFs and Buy These 3 Funds Instead.