2 Best Dogecoin ETFs to Buy in Q3 2024
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You can invest in some of the most popular cryptocurrencies by buying shares in an ETF, or ‘exchange-traded fund’. These ETFs are great for beginners because they own a basket of different assets and trade on the stock market, so they are less risky and easier to buy than crypto coins themselves.
What are the top Dogecoin ETFs to buy?
Copy link to sectionThere is no Dogecoin ETF today and the chances of it ever having listed are slim because the coin has become less popular and its daily traded volume has waned.
Therefore, the best approach to follow when you are considering a Dogecoin ETF is to invest in one of the listed spot Bitcoin ETFs. Historically, Bitcoin tends to have a close correlation with Dogecoin. As such, investing in a Bitcoin fund will give you a similar return with Bitcoin.
| # | ETF symbol | ETF name | Learn more |
|---|---|---|---|
| 1 | IBIT | iShares Bitcoin Trust | Learn more > |
| 2 | BKCH | Global X Blockchain ETF | Learn more > |
1. iShares Bitcoin Trust (IBIT)
Copy link to section- Assets: $18.5 billion
- Expense ratio: 0.25%
- Year of inception: 2024
- 5-year performance: N/A
- Dividend yield: N/A
The iShares Bitcoin Trust is the biggest Bitcoin ETF in the world and the most liquid. It was created to track the performance of Bitcoin, the biggest coin in the world. Its coins are held by Coinbase, the biggest crypto exchange in the world.
IBIT is a good investment because of its relatively low fees of just 0.25%, its deep liquidity, and the fact that it is easy to buy and sell. One can also invest in other spot Bitcoin ETFs from companies like Invesco, Valkyrie, Franklin Templeton, and Ark Invest.
2. Global X Blockchain ETF (BKCH)
Copy link to section- Assets: $163 million
- Expense ratio: 0.50%
- Year of inception: 2022
- 5-year performance: N/A
- Dividend yield: 2.08%
The Global X Blockchain ETF is another ETF you can buy if you want access to cryptocurrencies like Bitcoin and Dogecoin. This fund is different from IBIT in that it invests in companies that mine Bitcoin and provide other solutions in the industry.
For example, it has companies like Coinbase, Robinhood Markets, and Block, the parent company of CashApp. All these companies facilitate the trading and investments of Dogecoin and other cryptocurrencies.
It also has investments in mining companies like Marathon Digital, Bitfarms, and TeraWulf. Some of these companies may ultimately decide to start mining Dogecoin.
Where to buy the best Dogecoin ETFs
Copy link to sectionTo buy shares in an ETF, you need to have an account with an online broker. All of the brokers below are ideal for beginners and experienced users alike. Sign up to set up an account by clicking the links in the table.
We found 4 online brokers for users based in
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What is a Dogecoin ETF?
Copy link to sectionIt’s an exchange-traded fund that holds the Dogecoin cryptocurrency, or a basket of different assets, like stocks, whose business is in owning or speculating on Doge. As its name might suggest, an exchange-traded fund is a fund that trades on a stock exchange through its own unique ticker symbol, and you can buy or sell shares in it.
Are Dogecoin ETFs a good investment?
Copy link to sectionRemember that Dogecoin-specific ETFs aren’t available to invest in just yet. When they are, the answer depends on what you’re looking for. ETFs are more secure than buying cryptocurrency because they are regulated, so investors have some protection against losing all of their money. Read more
However, crypto ETFs are a lot more volatile than traditional funds that own stocks or commodities. Whereas normal ETFs hold a lot of assets and reduce the risk of big swings in value through diversification, crypto ones are often focused on one or two assets. It’s not uncommon for these assets to experience big swings in value over the course of the day.
If you understand that a crypto ETF is a tool to speculate on cryptocurrencies through more traditional channels, rather than a way to reduce the risk of your investment, then there’s no harm in putting some money into one.
Methodology: How we choose the best Dogecoin ETFs
Copy link to sectionAt Invezz, we are dedicated to helping investors make informed decisions by providing authoritative, accessible, and engaging advice and recommendations. Our curated section of the best Exchange-Traded Funds (ETFs) is carefully selected by our team of experienced market analysts and reviewed by a sub-editor. This methodology outlines the rigorous process we follow to ensure our ETF recommendations are up-to-date, reliable, and insightful.
- Analyst research & recommendations: Our seasoned market analysts use their in-depth sector knowledge to identify ETFs with strong potential, ensuring they meet high standards of performance, liquidity, and market potential.
- ETF evaluation: We evaluate ETFs based on their underlying assets, historical performance, expense ratios, and tracking accuracy, alongside macroeconomic factors and sector trends.
- Fund performance reports: We assess ETFs through the latest performance reports, analyzing key metrics like returns, volatility, expense ratios, and assets under management (AUM).
- Sector analysis and external recommendations: Our detailed sector analysis, combined with recommendations from reputable sources like Barron’s and Zacks, provides an additional layer of validation for our selections.
- Quarterly review & refresh: We update our curated ETF list quarterly, re-evaluating each ETF based on the latest reports, industry developments, and market conditions to ensure our recommendations reflect the most current information available.
More of the best ETFs
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