The First Trust Indxx Innovative Transaction & Process ETF is another broad bet on crypto. The fund contains more than 100 stocks, making it the most diversified crypto ETF listed here.
First Trust is also a large and well-established company that has created all sorts of investment products, which might check the box for some investors worried about track record and fund manager reputation. The First Trust Indxx Innovative Transaction & Process ETF has an annual expense ratio of 0.65%.
The fact that this ETF is more diversified has its pros and cons. It provides sweeping exposure to the crypto space, including many international tech companies that might be harder to come by for U.S.-based investors (Chinese companies comprise more than 10% of the portfolio).
It's also less volatile than many of its crypto-fund peers. That means its value normally doesn't increase as much as the values of other funds when the crypto market is doing well, but it also doesn't lose as much value during bear markets.
5. Schwab Crypto Thematic ETF