Cryptocurrency

Crypto Investment: Top Cryptocurrency ETFs in October to Buy This Weekend

Disha Sinha

Investors, buy these top cryptocurrency ETFs this weekend with less volatility

The cryptocurrency market is thriving in the large community of investors across the world in the last few years. Though it consists of high volatility and risk with the money and time, investors are still eyeing popular cryptocurrencies to gain higher ROI in the nearby future. It is well-known that a cryptocurrency ETF or a cryptocurrency exchange-traded fund is a fund with cryptocurrencies. Investors can also participate in the returns of the suitable cryptocurrency through Exchange Traded Notes efficiently. ETFs are popular for providing diversified exposure to the cryptocurrency market while investing in one security. There is a record of US$1.5 billion crypto fund inflow on the first Bitcoin ETF in the US. Thus, let's explore some of the top cryptocurrency ETFs for investors to grab crypto investment in October.

Top cryptocurrency ETFs in October

Amplify Transformational Data Sharing ETF

Amplify Transformational Data Sharing is one of the top cryptocurrency ETFs in the current cryptocurrency market. It helps busy investors to stay updated with the rapidly evolving blockchain as well as cryptocurrencies. It is well-known as BLOK ETF for being an actively managed ETF to provide total return by investing at least 80% of net assets in equity securities of companies leveraging blockchain technology. It consists of more than US$4.6 billion in assets across its suite of ETFs. It believes that the ETF structure supports investors through efficiency, transparency, and flexibility.

Reality Shares Nasdaq NexGen Economy ETF

Reality Shares Nasdaq NexGen Economy ETF is a popular cryptocurrency ETF in the cryptocurrency ecosystem. It is one of the smart crypto investments in October for investors with a market volume of 66,580. It is well-known for offering investors quick-and-dirty exposure to companies that utilize cryptocurrencies. It provides information while launching funds at a time when any company mentions blockchain to send information about a company's stock doubling or tripling per day. It will carry an annual expense ratio of 0.68% that is slightly lower than the 0.70% net expense ratio on the above-mentioned Amplify Transformational Data Sharing ETF. This cryptocurrency ETF is heavily invested in multiple software and tech companies across the world.

CI Galaxy Ethereum ETF

CI Galaxy Ethereum ETF is well-known for providing investors with a convenient way to gain exposure to one of the top cryptocurrencies in the cryptocurrency market, Ethereum. It has recently begun trading on the Toronto Stock Exchange under the tickets known as ETHX.B and ETHX.U. CI Galaxy Ethereum ETF is popular for being the world's first cryptocurrency ETF to invest directly with Ethereum with an industry-low management fee of 0.40% plus applicable sales taxes. ETHX is set to invest directly in Ether with the holdings prices through the Bloomberg Galaxy Ethereum Index.

ProShares Bitcoin Strategy ETF

ProShares Bitcoin Strategy ETF is one of the top cryptocurrency ETFs and the first U.S. Bitcoin-linked ETF offering investors to gain exposure to Bitcoin returns. It provides the return on investment in a convenient, liquid, and transparent way. It does not invest directly in Bitcoin but offers one of the largest lineups of ETFs with over US$66 billion in assets. It continues to innovate with products for providing strategic and tactical opportunities to manage risk efficiently.

First Trust Indxx Innovative Transaction & Process ETF

First Trust Indxx Innovative Transaction & Process ETF helps to seek an investment that corresponds to the cryptocurrency price and yield of the Indxx Blockchain Index. It invests at least 90% of its net asset. This index is well-known for including multiple companies that leverage blockchain technology in the cryptocurrency market. Investors can purchase ETFs in October for tracking the performance of exchange-listed companies across the world.

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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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