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Crypto ETFs and how do they work?

3 min reading

When it comes to trading, cryptocurrency exchanges are a reasonable business.

Cryptocurrency exchanges is a fair business when it comes to trading. This is the main reason why some investors prefer trading or owning cryptocurrency through an exchange-traded fund or ETF. Basically, cryptocurrency ETFs aren’t very different from traditional ETFs and widely popular mutual funds. Crypto ETFs are usually traded over exchanges like New York Stock Exchange (NYSE) or the American Nasdaq Stock market. This form of exchange makes it relatively smooth to trade crypto coins. 

A crypto ETF is usually like a fund through which one can get a diversified portfolio of crypto token or coins for investors to trade in. ETFs give people the option for lucidity and liquidity. This shows the potential shareholders to the token or currency and other single investors can have their own token in the crypto market. If an investor has a ETF they won’t need to handle different digital wallets just for achieving and tracking different crypto.

With traditional ETFs, the fund provider has assets (stocks or commodities) that are to be tracked. Shares from these are sold to investors. There is an organisation giving out cryptocurrency ETF and handling the funds needs to have their own underlying assets (a digital token or currency) the fund is revealed for purchases by potential investors and eventually the ownership of these tokens is given as shares. By owning the shares of the fund, investors directly own the tokens. 

At the present, there are not many options for investors, like India are yet to decide their choice. In cases like these crypto ETFs are not usually considered as an option in many parts of the world. Nonetheless, in some places where their application has been sanctioned there are other platforms which give different sets of services. Up until now Bitcoin ETFs are the most popular crypto ETFs out there. Nevertheless, Bitcoin ETFs that work in the US do not directly have the currency. They own portfolios of stock with exposure to blockchain technology. There are also Blockchain ETFs which adopt blockchain technology to give crypto assets to investors. Mostly crypto ETFs charge a management charge of at least 2 per cent.

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