Cryptocurrencies are types of digital currencies, alternative currencies and virtual currencies designed to work as a medium of exchange. A cryptocurrency ETF would allow investors to access the cryptomarket with their brokerage accounts. In January 2018, the Securities Exchange Commission turned down plans to set up exchange-traded funds for bitcoin and other cryptocurrencies, stating there were too many unanswered questions to allow for cryptocurrency ETFs without creating excessive risk for investors.
With 6 ETFs traded on the U.S. markets, Cryptocurrency ETFs have total assets under management of $7.07M. The average expense ratio is 0.96%. Cryptocurrency ETFs can be found in the following asset classes:
- Currency
- Asset Allocation
The largest Cryptocurrency ETF is the Global X Blockchain and Bitcoin Strategy ETF BITS with $6.52M in assets. In the last trailing year, the best-performing Cryptocurrency ETF was BITI at --. The most recent ETF launched in the Cryptocurrency space was the ProShares Short Bitcoin Strategy ETF BITI on 06/21/22.