Cryptocurrency Investment Options
Options Available at Different Institutions
For investors interested in exploring cryptocurrency investments, there are a variety of options available. While TD Ameritrade does not currently offer direct cryptocurrency trading, they do provide access to other investment vehicles that offer exposure to this emerging asset class.
Schwab's Cryptocurrency Options
Schwab Crypto ETFs
Schwab offers several crypto-related ETFs that track the price of one or more cryptocurrencies. These ETFs provide investors with a more traditional way to gain exposure to crypto without having to purchase and hold the underlying assets directly.
Schwab Crypto Trust
Schwab also offers a crypto trust that invests in a basket of cryptocurrencies. This trust provides investors with a single investment that offers diversified exposure to the crypto market.
TD Ameritrade's Indirect Cryptocurrency Investment Options
Cryptocurrency ETFs
While TD Ameritrade does not offer direct cryptocurrency trading, they do allow investors to purchase and sell cryptocurrency ETFs. These ETFs track the price of one or more cryptocurrencies, providing investors with a convenient way to gain exposure to crypto without the need for a separate cryptocurrency exchange account.
Additional Options for Cryptocurrency Investment
Traditional Online Brokers
Some traditional online brokers now offer cryptocurrency trading capabilities. These brokers typically offer a wider range of cryptocurrencies compared to ETF providers.
Cryptocurrency Exchanges
Cryptocurrency exchanges are platforms that allow users to buy, sell, and trade cryptocurrencies directly. These exchanges offer a wide range of cryptocurrencies and typically have lower fees than traditional brokers.
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