In January, the Securities and Exchange Commission approved the first 11 spot-bitcoin exchange-traded funds, and they have been quite popular with investors.
However, they are not the only options for those looking to tap into the fast-growing cryptocurrency industry. Several other ETFs invest in companies that in some way serve the industry. These ETFs might be good options for investors who might be wary or unsure about the industry, as they afford the opportunity to invest in a mix of stocks as opposed to trying to pick individual winners.
Here are three of the best cryptocurrency ETFs that invest in different parts of the industry.
1. First Trust SkyBridge Crypto Industry and Digital Economy ETF
As the name suggests, the First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSEARCA:CRPT) invests in companies that are involved in cryptocurrency or the digital economy.
The crypto companies included…
