Trade Crypto Futures Like a Wall Street Big Shot
by Paul Katzeff, Investors Business Daily
Excerpts taken from article:
Simplify your bets on crypto futures by using exchange traded funds (ETFs) that specialize in futures.
You can simplify your bets on crypto futures by using exchange traded funds (ETFs) that specialize in futures. You get the benefits of potential price gains. But you leave the hassles and coping with intricacies to professional money managers.
Q: Are there any additional ways to play cryptocurrency futures?
A: Yes, some ETFs invest in cryptocurrency futures as well as other securities. This gives you the benefit of diversification. Christian Magoon, CEO of Amplify ETFs, says his firm’s Inflation Fighter ETF (IWIN), which opened Feb. 1, invests in stocks and commodities that seek to benefit from inflation.
Bitcoin is one of the ETF’s commodities. Its only cryptocurrency now is Bitcoin. Bitcoin’s total weight in the portfolio is 6.17%. Its exposure to Bitcoin is in the form of futures.
Learn more: Ampify Inflation Fighter ETF (IWIN)
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