Retail investors who gained their first-ever exposure to wild cryptocurrency markets via the BetaShares CRYP ETF are starting to panic after the record-breaking investment fund plunged more more than 20 per cent over the weekend, it’s now almost 30% below last months high. The old saying that if it feels too good to be true it usually is feels...
The CRYP ETF was launched on the ASX yesterday and it attracted $8m worth of trades in its first 15-minutes and by the end of the day it had become easily the local markets most successful ETF launch – cryptos are undoubtedly hot at the moment. However we should put things into perspective, when US ProShares listed a bitcoin ETF last month...
CRYP aims to track the performance of an index (before fees and expenses) that provides exposure to global companies at the forefront of the dynamic crypto economy.
An investment in CRYP should be considered very high risk. CRYP provides focussed exposure to companies involved in servicing crypto-asset markets or which have material investments in crypto-assets. Crypto-assets are highly speculative in nature and companies with significant exposure to crypto-asset markets can be expected to have a very high level of return volatility.
The ETF is listed on the ASX under code CRYP
For more information – Click here to go to the ETF information pages