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My FOMO about Crypto is getting real. What is the equivalent of an index fund for all the crypto hype? Something I can invest in and only have to check once a m
by keewee7 5y ago
My FOMO about Crypto is getting real. What is the equivalent of an index fund for all the crypto hype? Something I can invest in and only have to check once a month.
- realslimjd 5y agoThere's a Bitcoin ETF now. That should serve as a good proxy for crypto hype.
- arcticbull 5y agoThere is no US listed Bitcoin ETF. The Greyscale trusts are closed-end funds that are trading at a massive discount to NAV. -21.25% today for GBTC. [1] The BITO ETF doesn't hold Bitcoin but instead holds CME futures contracts. Scroll down to Holdings. [2] I would strongly encourage folks who do not know the difference between holding the underlying asset and holding futures contracts to avoid aping into this. [1] https://ycharts.com/companies/GBTC/discount_or_premium_to_nav https://ycharts.com/companies/GBTC/discount_or_premium_to_na... [2] https://www.proshares.com/our-etfs/strategic/bito https://www.proshares.com/our-etfs/strategic/bito
- vecio 5y agoBOX is something similar https://b.watch https://b.watch BOX is an open source formula for digital assets. It includes 7 targets, which are BTC, ETH, EOS, DOT, MOB, XIN, UNI.
- jazzkingrt 5y agoRecently learned about Bitwise funds. They seem reasonable on the surface but I haven't done much research.
- chizhik-pyzhik 5y agoMost smart contract platforms build on Ethereum. Just buying ETH is a pretty safe bet, if you believe in crypto