As cryptocurrency has the potential to be disruptive technology, it’s important for investors to approach it cautiously. Blockchain in particular is in the early stages of development, but as the technology evolves, investors may experience high gains and losses. With the introduction of new funds that provide cryptocurrency access, investors should be aware that the future is unknown.
About 10 funds that include both exchange-traded funds and mutual funds offer some exposure to blockchain. Due to their volatility, the Securities and Exchange Commission doesn’t currently allow these funds to invest directly in cryptocurrencies. Investment management company, Morningstar, doesn’t cover these funds and has yet to rate them. In your navigation of the cryptocurrency landscape, be sure to discuss all factors with your Enso | Sonoma financial advisor.