This Crypto ETF Could Help Grow Any Retirement Account
Trying to predict Bitcoin's next price movement is probably not the best way to go about long-term wealth creation. But we're increasingly seeing products related to cryptocurrency that have attracted tremendous attention. Here, we'll look at an interesting fund for those too risk averse to hold crypto, but are still interested, curious, and optimistic about the blockchain space as a whole.
A portfolio of low-cost index funds, in most circumstances, is the sensible choice for the core of your portfolio. Here, you might include passive investments like Vanguard Total Stock Market Index Fund and Vanguard All-World ex US Fund. But once you've established a strong core, you might think about adding one or more thematic funds as long-term plays.
Enter Amplify Transformational Data Sharing ETF (NYSEMKT: BLOK). The fund invests 80% of its assets in companies focused on the "development and utilization of blockchain technologies." The fund is a bit expensive at 0.71%, but it also provides extreme convenience by bundling the best-in-class blockchain firms into a single security. The fund's 47 holdings contain household names -- like PayPal and Square -- but also some of the more niche firms in the blockchain space, like HIVE Blockchain Technologies.
Source Fool.com
