Investors can also enter the market for digital currencies indirectly – for example via special crypto-securities.
(Photo: Bloomberg)
Frankfurt After the fluctuations of the past few weeks, the latest developments on the crypto market are giving investors hope again: Bitcoin is again trading over $ 50,000, and smaller crypto currencies such as Ether, Ripple or Litecoin have also been picking up strongly for a few days, all of them in double digits within just seven days to.
But anyone who wants to venture into the crypto market for the first time in order to benefit from such rapid price developments is faced with an important decision right at the start: Investing directly in crypto currencies – which requires a lot of know-how? Or enter indirectly via crypto-securities, which can now also be traded on conventional exchanges?
If you are interested in the second option, you will quickly end up with a flood of letters and abbreviations: From ETPs to ETCs and ETNs, providers promise their potential customers that they will be able to earn money on the crypto hype – and all without blockchain knowledge, prior knowledge of crypto or their own digital Wallet, simply via your own securities account.
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