There has been a lot of frenzy surrounding crypto exchange-traded funds, or ETFs. Some experts believe the crypto market bear run is ending as digital asset companies mount pressure on the U.S. Securities and Exchange Commission (SEC) and its chair Gary Gensler to approve ETFs.

2022 was a disappointing year for digital currency ETFs, ending in a market slump that saw bitcoin (BTC) shed almost $30K from its price at the start of the year. However, this year the leading cryptocurrency by market capitalization has risen by about 75% from its January 2023 value. 

As the markets prepare to see off the financial year, let’s explore how 2023 treated the presently registered crypto ETFs. This article showcases the top ETFs according to investors.

What is a cryptocurrency ETF?

A cryptocurrency ETF, or exchange-traded fund, is a type of investment vehicle designed to track the performance of one or several crypto assets. It allows investors to buy digital currencies like bitcoin (BTC) or ethereum (ETH) without actually owning the assets themselves.

Crypto ETFs are very similar to traditional financial market ETFs, where investors can buy shares of stocks or commodities. The profits or losses they make depend on the price movement of these shares, determined by the price fluctuations within the crypto market. 

The top 5 best performing crypto ETFs in 2023

Selecting a crypto ETF requires careful consideration of several factors, including chart analysis and aspects of the CAN SLIM method devised by William J. O’Neal to identify the best-performing stocks. 

A healthy market capitalization and sufficient daily average volume are typically indicative of a strong-performing and liquid ETF. Many experts also advocate for potential crypto investors to choose leading ETF cryptocurrencies, such as bitco

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Author: Julius Mutunkei

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