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The best Blockchain ETFs of May 2024 – Forbes Advisor
It’s a vibrant and exciting technology, but blockchain is only in the early stages of development. Cryptocurrencies have made headlines for their huge gains and huge losses, but more pragmatic blockchain applications have had a much lower profile.
Large, established public companies have dabbled in the blockchain business while smaller, more focused companies have put blockchain and cryptocurrencies at the center of their operations. Either way, there hasn’t yet been a killer app that has made the case for blockchain as a key part of the future of business and technology.
This means that investing in the shares of one or a few companies focused on blockchain or cryptocurrencies is very risky. This makes choosing a diversified blockchain ETF a less risky way to gain exposure to the sector. The blockchain ETFs on our list invest in dozens or even hundreds of stocks, offering a lot of diversification in a single fund.
Given how quickly the blockchain space is evolving, choosing a blockchain ETF for your portfolio may be the best possible choice for investing in the sector.
Michael Adams held a position at NVIDIA Corp at the time of this publication.