After a Long Hiatus, Crypto ETFs Are Making a Comeback. Here's the 1 Crypto ETF You Need to Own.
Money is flowing back into crypto ETFs, but which one is the best fit for your portfolio?
Overview
Crypto exchange-traded funds (ETFs) are back. At least that's what the crypto bulls would like to believe after a blockbuster August for Bitcoin (CRYPTO: BTC) that saw it rise nearly 25%. As a result, money has started to flow back into the spot Bitcoin ETFs.
And it's not just Bitcoin. Crypto ETFs for Ethereum, Solana, and XRP have also seen inflows as investor sentiment improves. So, given all these options, which crypto ETF should you be targeting?
Details
If you're used to investing in traditional ETFs, there's one important caveat with spot crypto ETFs: Instead of investing in a large basket of diversified cryptos, they typically only invest in a single cryptocurrency. Thus, a spot Bitcoin ETF invests in only Bitcoin, and a spot Ethereum ETF invests in only Ethereum.
Source
Originally published at www.fool.com.