You can join the crypto craze without mortgaging your home
When it comes to cryptocurrencies and the crypto market, almost everyone has made the same mistake of thinking that they have to invest in cryptocurrencies themselves in order to benefit from the surge in popularity and prices. This mindset limits yours Ability to make money. While it is entirely possible to make money by strictly investing these digital currencies, there are many other ways to invest and make a profit in the US stock market Cryptocurrency arena.
One way to do this is to invest in a cryptocurrency-focused Exchange Traded Fund (ETF). An ETF is a type of security that tracks an index, a sector, a commodity and many related assets. An ETF can be structured to track everything from the price of a single commodity to a large and diverse collection of securities. An example of an ETF is the SPDR S&P 500 ETF, which tracks the S&P 500 index. The S&P contains 500 of the largest publicly traded companies in the United States and is one of the most closely followed stock indices with a market capitalization of $ 33.4 trillion.
Well, for cryptocurrencies, there is a very popular and weighted cryptocurrency ETF known as Bitwise 10 crypto index (OTC: BITW)containing many of the most popular cryptocurrencies in the world. BITW boasts that the fund holds Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Chainlink, Stellar, Uniswap, Eos, Aave and Filecoin. Bitwise’s methodology is pretty simple. BITW follows very clear and simple rule-based processes to make the ETF both investable and replicable. Bitwise’s methods take into account crypto-native factors related to liquidity, security, regulatory status, market representation, network distributions and much more to ensure that the Bitwise 10 Crypto Index fully captures the market opportunities for investable cryptocurrency assets.
Instead of trying to raise the capital for multiple cryptocurrencies, which could end up costing you thousands of dollars, why not invest and take advantage of companies that have done just that, other than investing in ETFs rather than directly investing in the direct cryptocurrencies themselves? There are many benefits to investing in cryptocurrency ETFs, one of which includes diversifying your trading portfolio. Investing directly in cryptocurrencies can often be extremely expensive, especially when investing in Bitcoin. If you don’t have the capital to buy a whole bitcoin, it’s just not worth the investment. Investing in a cryptocurrency ETF like Bitwise can give you exposure to a core group of cryptocurrencies. The cryptocurrency ETF Bitwise can also track a wider range of digital currencies instead of specifying a single cryptocurrency to invest in directly.
In addition, ETFs themselves bear lower fees, as ETFs are passively managed and have significantly lower cost ratios compared to actively managed funds. Bitwise is one of the most popular cryptocurrency ETFs out there as BITW is constantly investing in the world’s leading cryptocurrency investments. Bitwise also makes the greatest profit by professionally selecting assets with the greatest upside potential for investors.