As more and more people become interested in cryptocurrency investments, the demand for blockchain-based ETFs has grown significantly over the last decade. Exchange-traded funds (ETFs) offer investors access to multiple assets and low costs while allowing them to diversify their portfolio. By investing in a blockchain-based ETF, investors are exposed to a unique set of digital assets tied to the performance of the underlying firm and the blockchain technology behind the project.
In this article, we’ll take a look at the five largest blockchain ETFs for 2023. While each ETF has a different mix of assets, they all have similarities in their investment strategies. By investing in blockchain ETFs, investors are exposed to digital assets, including blockchain companies, blockchain technologies, and other potential returns.
The first fund on the list is the Blockchain Innovators ETF (BLCN). This ETF is comprised of stocks and other financial instruments that are tied to companies that are using blockchain technology in innovative ways. This ETF makes it easier for investors to get exposure to the entire blockchain sector without having to buy individual stocks. The fund has a total expense ratio of 0.35%.
The second ETF is Amplify Transformational Data Sharing ETF (BLOK). This fund seeks to invest in domestic and international securities related to companies that are leveraging blockchain technology. The fund has a hefty fund-management fee of 0.95%.
The VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) is a third blockchain ETF for 2023. This ETF invests in companies that are focused on delivering innovative products and services related to rare earth minerals. It also invests in other trends, such as automation and artificial intelligence. The fund has a total expense ratio of 0.57%.
Next is the Roundhill BITKRAFT Esports & Digital Entertainment ETF (NERD), which focuses on the rapidly growing esports and digital entertainment industry. This ETF provides exposure to a firm’s underlying stock as well as blockchain technology. The fund has a total expense ratio of 0.40%.
Finally, the Global X FinTech ETF (FINX) provides exposure to a wide range of fintech firms. The ETF invests in companies that are using technological innovations such as blockchain, artificial intelligence, and robotics. The fund’s expense ratio is 0.68%.
In summary, the five largest blockchain ETFs for 2023 are the Blockchain Innovators ETF (BLCN), Amplify Transformational Data Sharing ETF (BLOK), VanEck Vectors Rare Earth/Strategic Metals ETF (REMX), Roundhill BITKRAFT Esports & Digital Entertainment ETF (NERD), and Global X FinTech ETF (FINX). By investing in ETFs, investors can easily access a variety of blockchain-related firms while diversifying their portfolio. Investing in these types of ETFs can bring more liquidity, diversification, and returns to their portfolio.