Cryptocurrency Q&A
What is the best blockchain ETF?
What is the best blockchain ETF?
CryptoChieftain
Fri Sep 27 2024
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6 answers
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Could you please provide some insights on what is considered the best blockchain ETF currently available in the market? I'm particularly interested in factors such as performance, management fees, and the range of blockchain-related companies it invests in. Additionally, how does this ETF compare to other similar options, and what are some potential risks and limitations associated with investing in a blockchain ETF?
6 answers
SeoulSerenitySeeker
Sun Sep 29 2024
Blockchain ETFs have garnered significant attention in recent years as investors seek exposure to the growing digital asset market. To compare the performance of various blockchain ETFs, it is crucial to analyze their returns over different time horizons.
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CryptoMagician
Sun Sep 29 2024
One metric to consider is the 1-month return, which reflects the ETF's recent performance. For instance, the Global X Blockchain UCITS ETF USD Accumulating has a 1-month return of -18.44%, indicating a decline in value over the past month.
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CryptoVanguard
Sun Sep 29 2024
However, when we shift our focus to a longer-term perspective, we observe a different picture. The 1-year return provides insights into the ETF's overall performance over the past year. In this case, the Global X Blockchain UCITS ETF USD Accumulating has achieved a remarkable 54.67% gain over the past year.
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CryptoPioneer
Sat Sep 28 2024
Similarly, other blockchain ETFs have also exhibited varying degrees of performance. The iShares Blockchain Technology UCITS ETF USD (Acc) has a 1-month return of -15.17% but a 1-year return of 50.93%, indicating a stronger performance over the longer term.
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Chiara
Sat Sep 28 2024
The WisdomTree Blockchain UCITS ETF USD Acc and the Invesco CoinShares Global Blockchain UCITS ETF Acc have also experienced notable volatility in their 1-month returns, with -15.03% and -9.47% respectively. However, they have also posted positive 1-year returns of 48.87% and 39.93%, showcasing the potential for growth in the blockchain market.
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