Explore Vulcan Forged (PYR), a leading web3 ecosystem with gaming, NFTs, metaverse, and its own L1 blockchain, Elysium. Discover what sets it apart.

Vulcan Forged started out as a gaming hub targeting 

 users who could access play-to-earn (P2E) games on it that are powered by 

 blockchains. However, over time, Vulcan Forged has evolved into an all-encompassing blockchain and web3 platform. It now offers Elysium (a Layer 1 blockchain), a 

 (NFT) projects, and Vulcan Studios for developing mobile and PC web3 games.

Let's explore the Vulcan Forged web3 ecosystem and learn why it's definitely a project to watch in the busy web3 space.

, a blockchain-powered gaming ecosystem, offers comprehensive solutions to web3 users, suited to all gaming needs.

Founded in 2019 by a team led by current CEO and founder Jamie Thomson, Vulcan Forged started out as a gaming hub in which users could access NFT-powered web3 games. However, with Thomson at the helm, Vulcan Forged has transitioned into a full-fledged blockchain ecosystem that’s designed to solve the challenges faced by web3 users, such as high fees, slow transaction times and user-unfriendly gaming interfaces.

At the core of its comprehensive ecosystem is Elysium, a 

 designed specifically to power gaming and the metaverse. By leveraging the Elysium blockchain, Vulcan Forged is better positioned to offer enhanced functionalities, such as dynamic NFTs, an advanced suite of tools and a more immersive gaming experience.

Vulcan Studios, part of the Vulcan Forged ecosystem, supports the development of blockchain games. Several enhancements to Vulcan Studios now provide for an interconnected universe for gamers, a critical move in the platform's bid to become a more unified gaming ecosystem.

Vulcan Forged NFT marketplaces like Agora and Cedalion offer users a seamless experience in trading and creating digital assets. In particular, Agora provides a user-friendly interface for minting NFTs without gas fees that makes it accessible for creators and collectors alike.

Furthermore, the Vulcan Forged team has announced that VulcanX, its 

 (CEX), is almost complete. VulcanX will provide the platform's users with a gamified trading experience in which landholders In its ecosystem will share in generated revenue.

The entire Vulcan Forged ecosystem is governed by a dual-token economy consisting of PYR and ELY (previously LAVA) tokens.

 blockchain developed by Vulcan Forged that’s designed to power the future of web3 gaming, NFTs and 

 (DApps). Created with developers and users in mind, Elysium combines scalability, high throughput and a strong sustainability ethos to deliver a robust and eco-friendly blockchain ecosystem.

 (EVM) framework, Elysium supports fast, low-cost transactions, and is fully compatible with both Ethereum-based and Substrate-based tools. Its interoperability makes it an ideal platform for developers looking to deploy DApps, launch NFT collections or create gaming projects with dynamic on-chain mechanics.

A standout aspect of Elysium is its growing ecosystem of integrated tools, such as:

In addition to its robust technology, Elysium is central to the larger Vulcan Forged vision of a unified digital universe. It underpins diverse applications, including Vulcan’s NFT marketplaces, upcoming CEX and multi-game metaverse.

With an emphasis on accessibility, innovation and real-world use cases, Elysium is positioning itself as the core infrastructure for the mission Vulcan Forged has to merge gaming, blockchain and digital ownership into one immersive ecosystem.

In order to lower barriers to entry through enhanced user experience, Elysium offers three protocols that work together seamlessly to benefit web3 individuals and businesses. These protocols simplify the process of converting tokens, while offering fee delegation and allowing users to utilize any token in their wallets when transacting.

Vulcan Forged has created a comprehensive ecosystem to enhance web3 user experiences. Apart from the Elysium blockchain discussed above, other key components of the Vulcan Forged ecosystem are as follows.

Vulcan Studios is a gaming development platform designed to facilitate the creation, development and playing of PC and mobile games. In the revamped Vulcan Forged road map, these studios’ DeFi games are undergoing various enhancements to improve user experience.

Some of the notable games produced by Vulcan Studios include 

Vulcan Verse, Vulcan Runner, Berserk, Vulcan’s Creed

​MetaScapes is an innovative metaverse-as-a-service (MaaS) platform that empowers users to create and customize their own digital realms. Offering four distinct worlds — Fantasy, Cartoon, Urban and Futuristic — MetaScapes provides a versatile environment for creativity and exploration. Its users can personalize their avatars, design unique landscapes and even monetize their creations through in-world economies. 

With features like VR compatibility and AI assistance, MetaScapes aims to deliver an immersive and user-friendly experience, bridging the gap between imagination and digital reality.

The Vulcan Forged platform is powered by a dual token economy that consists of PYR and ELY tokens, each one playing a distinct role on the platform.

PYR is the primary token of Vulcan Forged. Initially, PYR was powered by the Ethereum and Polygon blockchains, but it’s now primarily powered by the Elysium blockchain. PYR plays three major roles on the platform: gaming, settlement and 

. It has a total supply of 50,000,000 tokens, with a circulating supply of 23,897,700 (as of May 15, 2025).

The primary use cases of the PYR token are as follows:

The second token on Vulcan Forged is ELY, which was formerly known as LAVA. ELY is Elysium's native and gas token. It also features many other uses, such as powering transactions and rewarding gameplay on Vulcan Forged games. You can earn ELY by participating in various games and accumulating XP points on the platform. Additionally, you can generate ELY tokens as rewards for holding PYR.

ELY’s total supply is 1 million tokens. Some uses of ELY include:

You can buy PYR on Bybit as the PYRUSDT Perpetual contract, with leverage of up to 12.5x. It's listed in Bybit's Innovation Zone, which gives you access to handpicked projects with a potential for high returns (also with higher fees and risk).

Vulcan Forged (PYR) crypto price prediction

As of May 15, 2025, PYR is priced at $1.34, 97.3% higher than its all-time high of $49.24 on Dec 1, 2021 and 51.8% higher than its all-time low of $0.88 on Apr 7, 2025.

Price prediction experts are cautiously bullish on PYR's future price. CoinCodex predicts that PYR 

 a maximum price of $1.49 in 2027 and increase to $4.43 in 2030. Meanwhile, DigitalCoinPrice is relatively more bullish on PYR, and expects that the token 

 a maximum price of $4.85 in 2027 and surge to $7.34 in 2030.

While these forecasts are bullish, they aren’t financial advice and they don’t guarantee the future price of PYR. We highly recommend that you 

 before you invest in Vulcan Forged or any other cryptocurrencies.

Vulcan Forged (PYR) is shaping the expanding universe of web3 gaming by merging cutting-edge technology with immersive player experiences. From its native Elysium blockchain to dynamic NFT ecosystems and the upcoming VulcanX decentralized exchange, the platform is setting new standards in decentralization, creativity and scalability.

Featuring a unified road map, tools like MetaScapes, NFT marketplaces, and Elysium Swap, Bridge and Scan, Vulcan Forged is building more than games — it’s forging a sustainable digital economy. As its ecosystem grows, PYR, its cross-platform utility token, remains at the heart of this transformation, empowering game developers, creators and players in the next era of decentralized entertainment. 

Intermediate

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Vulcan Forged (PYR): The expanding universe of web3 gaming and beyond

Discover MapleStory Universe, Nexon's blockchain-powered version of the iconic MMORPG game loved by over 250 million players. Learn more about the launch of MapleStory N on May 15, the NXPC token and how to trade NXPC on Bybit.

, a simple, 2D MMORPG that quickly became a cultural phenomenon. Its blocky characters and iconic town of Henesys were etched in the memories of over 250 million players who played the game worldwide. Now, Nexspace, an Abu Dhabi–based subsidiary of Nexon, is recreating this world on-chain with MapleStory Universe. 

At its core, MSU is a faithful recreation of 

s legacy. It revives the beloved characters, art styles and lore while simultaneously improving the game by integrating blockchain technology. Nexpace believes this integration will transform the franchise from a centralized ecosystem into a player-owned universe, creating a win-win scenario for both the original players and web3 natives. 

 IP is already an established success, with 250 million players and over $5 billion in revenue. MapleStory Universe aims to bring its enormous player base into MSU through various incentives, such as cross-platform progression and exclusive rewards for legacy users. 

Behind all of this development is Nexpace, the blockchain-focused subsidiary of Nexon established in 2023. Sun Young Hwang is the CEO of Nexpace and a leader at MapleStory Universe. With 15 years of experience at Nexon, Hwang brings a wealth of expertise and a clear vision for the ecosystem’s growth in the web3 space. 

As part of its mission to launch a gaming universe, Nexpace teams announced 

, the first standalone game of the MapleStory Universe. It’s a PC-based MMORPG with onchain item ownership. The game is set for a global launch on May 15, 2025, and is currently available for 

. According to BlockchainGamer.biz, the game was so popular that it 

 players can issue, trade and manage in-game 

. Post-launch, the community can collaborate on content development, influencing the game’s evolution through creator tools. 

, a blockchain tailored for gamers. Built on 

, it combines Nexon’s 20-plus years of anti-cheat expertise with 

’s tamperproof randomness (critical for fair loot boxes). Transactions are free, fast and invisible during gameplay. No crypto wallets are required upfront. For 

 veterans, this offers a smooth gateway into web3, and for crypto natives, it brings a beloved gaming franchise on-chain.

Blockchain's role in the MapleStory Universe

The Henesys blockchain plays a crucial role in MSU’s development and execution. It provides sub-second finality and support for thousands of 

 (TPS), ensuring gameplay remains fluid and uninterrupted.

On top of that, the use of blockchain also enables players to own and trade in-game assets as NFTs. These NFTs are designed to be interoperable across every game that’s built in the MapleStory Universe, providing increased utility and value for these digital assets.

The game’s economy also relies on the decentralized nature of blockchains to create an ever-changing world. It incentivizes creators to design unique planets, each with its own tailored gameplay and social experiences, and rewards them with NXPC tokens for their contributions. 

NXPC is the native utility token of MapleStory Universe, with a fixed supply of 1 billion. It functions as the reserve currency of the universe, and is used to link gameplay assets to the border ecosystem. 

The token’s initial distribution also reinforces its decentralized nature, as 80% of NXPC is reserved for contributor reward, with just 0.696% allocated for the team and 0.4% for advisors,

Additionally, the team and advisors allocations also have vesting requirements. The team token has a structured vesting schedule with a 9-month cliff, followed by quarterly unlocks over the next three years. For advisors, there’s a 12-month cliff, followed by milestone-based vesting. 

MSU’s franchise has generated $5 billion in revenue since 2003. The organization behind the game is focused on longevity, as opposed to a quick money grab. Crucially, blockchain technology has matured to an extent where it can deliver seamless gameplay, matching the smooth experience players expect from traditional platforms. 

 starting on May 15, 2025. From now through May 28, 10AM UTC, new and existing Bybit users can stand a chance to win from a prize pool of 9,000,000 NXPC by 

. Register for this event at Bybit Token Splash 

Beginner

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Nexpace (NXPC): MapleStory IP goes web3

The Ethereum Foundation has launched the Trillion Dollar Security Initiative, aiming to elevate Ethereum’s security beyond the crypto ecosystem to rival global legacy systems. 

The S&P 500 edged up 0.1%, lifted by tech gains from Nvidia and AMD, despite broader sector losses. Gold dropped below $3,200 as easing US-China trade tensions and rising Treasury yields reduced safe-haven demand, despite softer inflation data. Traders await US PPI and retail sales for further cues. The Coindesk Indices, which tracks the broader crypto market, down 1.64%, with Bitcoin and Ether down 1.47% and 3.35%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is ATH, which rose 15.2% after Aethir boosted conversions with its instant play decentralized cloud gaming solution.

Aethir (ATH), founded in 2021, is a decentralized GPU cloud platform that provides scalable computing power for Web3 applications like gaming, AI, and design, enabling businesses to run high-performance tasks without centralized infrastructure. 

 boosts gaming user acquisition by enabling instant play without downloads, reducing costs and improving conversion. In a case study with SuperScale, games using Aethir’s tech saw a 45% higher conversion rate, 93% higher ARPU, and 43% more users preferring instant play over downloads. By bypassing app store fees and offering seamless gameplay access, Aethir provides studios with a cost-effective, high-conversion alternative to traditional mobile gaming funnels.

Check out the latest prices, charts, and data of 

The Ethereum Foundation has launched the 

, aiming to elevate Ethereum’s security beyond the crypto ecosystem to rival global legacy systems. The initiative will (1) map Ethereum’s security landscape, (2) execute key improvements across its stack—from wallet UX to consensus, and (3) improve communication around Ethereum's security standards. Led by EF’s Fredrik Svantes and Josh Stark, with support from security experts samczsun, Mehdi Zerouali, and Zach Obront, the initiative seeks broad ecosystem input to achieve a world where trillions in value can be securely held onchain.

Yesterday, BTC spot ETFs saw $86.6 million in net inflows, all from non-GBTC funds, while GBTC recorded no flow.

, rewarding whitelisted participants with 100 xpSPON for completing simple tasks like following on X and joining Discord. xpSPON will directly impact your future SPON airdrop allocation — the more you earn, the greater your rewards.

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Ethereum Foundation launches initiative to bring trillion-dollar security onchain

Diversification reduce reliance on any single market, ensuring stability during downturns. Here are the top 5 ways to diversify your portfolio.

Imagine watching the market crash while your portfolio stays steady — not because you predicted the dip, but because you built a strong defense against it. 

 is a time-tested financial safeguard in unpredictable markets. By balancing various assets, such as crypto, commodities, 

 and international stocks, investors can weather 

 and seize opportunities. So, how do you diversify effectively without overcomplicating things? This article explores the top expert strategies, and some common pitfalls to avoid.

 strategy that spreads investments across different asset classes, sectors or countries to reduce exposure to any single asset or risk. This approach aims to stabilize returns by cushioning the impact of market volatility on your overall portfolio.

Why is portfolio diversification important?

The age-old advice not to “put all your eggs in one basket” holds true when it comes to investing, and it’s a simple but powerful way to protect your wealth. Diversification helps safeguard your capital by spreading your investments across different assets so that when one underperforms, others may help offset the loss. This strategy is especially important for people nearing retirement, or for anyone who values financial stability.

By investing across various asset classes — such as stocks, bonds and real estate, as well as different industries and geographic regions — you build a portfolio that’s more resilient to economic ups and downs. But beyond just reducing risk, diversification often leads to better risk-adjusted returns and less day-to-day volatility, for an investment experience that’s less stressful overall. Moreover, because not all investments will dip at the same time, investors don’t continually have to monitor everything in their portfolios.

Diversification can also help guard against inflation, thanks to assets that tend to perform well when prices rise. At the same time, it opens the door to opportunities in growing markets, all while keeping your investment approach balanced and aligned with your long-term financial goals.

Top 5 tips for diversifying your portfolio

Here are five smart ways to diversify your investments and protect your future returns.

Tip 1: Spread investments across asset classes

Spreading your investments across different asset classes, such as stocks, bonds, real estate, cryptocurrencies and commodities, helps ensure your portfolio isn’t overly exposed to the risks of any single market segment. This makes your investments more resilient. Different assets often react differently to market conditions, so when one asset underperforms, others may perform better, balancing your overall returns (as well as your risks).

Assuming you invest solely in stocks, and the stock market declines, your entire portfolio may suffer. However, if you also hold bonds, which often perform well when stocks decline, any blow to your portfolio can be softened.​

Don’t just buy one type of stock or bond. Within each asset class, invest in a mix of sectors (such as technology, healthcare and energy), company sizes (large-cap, mid-cap and small-cap) and styles (growth, value and dividend). This approach further reduces the risk that poor performance in one area or industry will drag down your entire portfolio.

If you invest heavily in the technology sector and it experiences a downturn, your portfolio could suffer accordingly. Diversifying into other sectors like healthcare or consumer goods can help balance your investments’ performance.​

Tip 3: Low-cost index funds and ETFs for instant diversification

 (ETFs) offer a ready-made way to achieve diversification. They provide exposure to a broad range of assets or sectors, often at a lower cost than actively managed funds. This approach simplifies diversification, and can be more accessible for individual investors, especially beginners. It's an efficient way to diversify quickly and easily, as each fund typically holds dozens or even hundreds of underlying securities.

For instance, investing in an S&P 500 index fund gives you exposure to 500 large US companies, providing instant diversification across various industries.​

​Expanding your portfolio to include international assets can enhance diversification and provide exposure to growth opportunities beyond your home country. Investing globally can help mitigate risks associated with domestic economic downturns, as different regions may experience varying economic cycles.​

 their US counterparts in the first quarter of 2025. This outperformance was attributed to strong corporate earnings, increased defense and infrastructure spending in Europe, and the absence of direct US tariffs targeting European goods. Despite initial skepticism, European stocks rose by 10–12%, even as US markets declined somewhat, thus helping to stabilize global portfolio returns for investors with international diversification

However, investors must be mindful of currency exchange risks. Fluctuations in exchange rates can impact the value of international investments. For instance, if you invest in a European company and the euro depreciates against the US dollar, the value of your investment in dollar terms may decrease even if the company's performance remains strong.

Diversification isn’t a one-time task. Over time, some investments may grow faster than others, skewing your original allocation. Regularly reviewing and rebalancing your portfolio ensures it stays aligned with your 

 and investment goals, maintaining the benefits of diversification while improving long-term performance.

Let’s say your target allocation is 60% stocks and 40% bonds, but stocks perform well and grow to 70% of your portfolio. In this case, rebalancing would involve selling some stocks and buying bonds to return to your original allocation.​

Common portfolio diversification mistakes to avoid

Avoiding these common diversification mistakes can help you build a stronger, more resilient portfolio:

How to diversify your portfolio with Bybit

Bybit is a leading crypto exchange that offers a wide range of products designed to help you diversify across cryptocurrencies, traditional assets and innovative financial instruments. Following are some of the many products and services that Bybit offers.

Portfolio diversification is a key strategy for reducing risk by spreading investments across different asset classes, sectors and regions. Achieving this goal, however, requires a balanced and disciplined approach to ensure resilience and long-term growth. Bybit helps simplify this process with powerful tools like MT5 trading, Copy Trading and Structured Products. These tools allow investors to diversify their portfolios more effectively, providing access to diverse markets and strategies while also minimizing risk. 

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Top 5 tips to diversify your portfolio

Investing

Learn why you should invest in a crypto ETF and the 10 best crypto ETFs to choose from.

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Cryptocurrency ETFs (exchange-traded funds) are a great option for investors who wish to gain exposure to cryptocurrency-related and blockchain-related assets, while taking a more hands-off approach to managing their investments. These financial products come in a great variety – from funds based exclusively on 

 to very complex structures that combine blockchain companies’ stocks, Bitcoin futures contracts and other ETFs.

Cryptocurrency ETFs are actively moving from the fringes of financial markets to the main stage. Prominent stock exchanges, such as the NASDAQ and Chicago Mercantile Exchange (CME), and leading fund product providers such as Fidelity and VanEck have joined the crypto ETF game.

An ETF is a financial product that tracks some other underlying asset (or basket of assets) and is traded on an authorized stock exchange, similar to company stocks. The authorized stock exchanges process ETF transactions during the trading day.

ETFs are quite similar to mutual funds, with both fund varieties based on investing pooled money. However, while mutual funds are traded at the end of a trading day, ETFs are freely traded throughout the day and are subject to most of the rules applicable to stocks.

The term “cryptocurrency ETF” covers a variety of ETF products with exposure to cryptocurrencies, blockchain technology stocks, digital assets, cryptocurrency futures contracts, and even other ETFs.

, which tracks the price of Bitcoin. Others may be based on a basket of different cryptocurrencies. Still other cryptocurrency ETF varieties are based on stocks of blockchain companies.

The most complex cryptocurrency ETFs might be made up of a combination of other crypto ETFs, stocks, cryptocurrencies, crypto futures and more.

Cryptocurrency ETFs offer great portfolio diversification potential. Many of these ETFs are based on a basket of assets, helping you reduce your reliance on a single one. Some of them also track other ETFs, providing a further degree of diversification.

Cryptocurrency ETFs’ diversification potential is particularly useful for many small-scale retail investors. A lot of these investors have an overreliance on traditional stocks and bonds in their portfolio, lacking sufficient exposure to emerging, high-potential areas like crypto. By owning cryptocurrency ETFs, these investors can reap the benefits of portfolio diversification.

, ETFs are closely tied to their underlying assets and represent a form of passive investment. They’re managed at investment firms by professional portfolio managers. Investors can thus benefit from participation in the market while taking a hands-off approach to investment management.

While cryptocurrencies are loosely regulated in some countries or completely unregulated in many others, cryptocurrency ETFs are subject to the same stringent rules as stocks and other financial products traded on authorized stock exchanges.

This provides peace of mind for more cautious investors, many of whom would like exposure to crypto assets but avoid purchasing crypto coins due to the unregulated nature of the industry. Cryptocurrency ETFs traded on stock exchanges are a great opportunity for such individuals to hold crypto-related assets — and not lose sleep at night.

Crypto coin ownership carries certain security risks, due to hacker attacks on blockchain platforms. Some of these attacks have resulted in significant asset losses for coin holders. To prevent yourself from such attacks, it’s crucial to

. With crypto ETFs, such security risks are considerably lower, as the ETFs are held in cold wallets.

Naturally, investment funds and stockbrokers aren’t completely immune to cybersecurity threats. However, these entities do not come under the same level of sustained

. The frequency of these attacks is steadily rising, serving as a further reminder of the risks involved in holding crypto.

Furthermore, the stock exchanges where the ETF funds are registered have some of the best security setups in the world. If Warren Buffett isn’t afraid that his money will be stolen from the stock exchange, you have no serious reason to be.

Crypto and blockchain ETFs are emerging products in financial markets. While the earliest crypto fund products were launched in 2013, most ETFs based on Bitcoin or other cryptocurrencies have become available only within the last two years. Now there are dozens of these funds available on stock exchanges.

Among this variety, we’ve picked the best ten crypto and blockchain ETF products, based on factors such as management fees, balance of assets in the fund, or popularity among investors.

It should be noted that, due to the crypto market downturn that began in November 2021, virtually all crypto ETFs — similar to cryptocurrencies and other products tied to crypto assets — now feature rather unimpressive yearly and quarterly return figures.

However, in the past month, the crypto market has shown tentative signs of recovery. If this rebound is sustained, we’ll soon see better return figures for cryptocurrencies and products such as crypto ETFs.

Here’s our list of the ten best crypto ETFs on the market.

What else to start our list with other than the world’s first Bitcoin ETF product – the 

? This fund was launched on Canada’s Toronto Stock Exchange (TSX) in February 2021, at a time when south of the border, in the U.S., the Securities and Exchange Commission (SEC) was stubbornly refusing to approve any crypto-based ETF product.

Purpose Bitcoin ETF was launched by Purpose Investments, a Toronto-based asset management firm specializing in ETF and mutual fund products. As of the time of this writing (August 3, 2022), the fund has a total of $752.69 million in assets under management (AUM) and is based on tracking the price of Bitcoin.

The Purpose Bitcoin ETF has a yearly management fee of 1%, a typical amount for an ETF product. Per the ETF’s terms, the management fee may increase up to 1.5% if the fund manager’s expenses in servicing the product increase. However, if the expense ratio is lower than 1.5%, this is passed on to customers in the form of a reduction in the management fee.

The minimum initial investment in the ETF is $5,000. After this, any subsequent investments can be as low as $100. As the world’s first Bitcoin ETF, this product will remain popular among many investors who believe in the potential of crypto ETF products.

 is the first cryptocurrency ETF approved in the U.S. It started trading in late October 2021, and attracted over $1 billion in investments within the first several days on the market. Similar to the Purpose Bitcoin ETF above, this product gained widespread popularity thanks to its “first on the market” status.

This ETF is offered by ProShares, a Maryland-based provider of ETFs and leveraged financial products. The product tracks the price of Bitcoin futures contracts. At the moment, the ProShares Bitcoin Strategy ETF is based on two Bitcoin futures traded by the CME Group, one with a 63% share in the fund and the other with a 37% share. Due to the short-term nature of Bitcoin futures contracts, the allocations dynamically change on a frequent basis.

In theory, some proportion of the Bitcoin Strategy ETF might also be allocated to other assets beyond Bitcoin futures contracts, for instance to U.S. Treasury Bills. The fund is actively maintained by ProShares, with a future possibility of such asset class reallocations.

The fund’s expense ratio is 0.95%, marginally lower than Purpose Bitcoin ETF’s ratio of 1%.

 is a trust fund rather than an ETF. Since the trust is the largest and oldest crypto fund in the industry, we believe it’s well worth including in our coverage of crypto ETFs. Established in 2013, GBTC had up to $37 billion in assets under management at the height of the crypto market in late 2021.

At August 2022, the trust fund’s assets under management have declined to $14.9 billion, still the largest amount among all crypto funds. The Grayscale Bitcoin Trust tracks the price of Bitcoin.

This trust fund is offered by Grayscale Investments, a renowned leader in digital and crypto investment products. Grayscale has long attempted to turn this trust fund into an ETF. However, in June 2022, the SEC 

 to convert it to an ETF format. Grayscale pledged to continue its efforts in this direction.

As of now, since GBTC isn’t classified as an ETF, it’s not traded on stock exchanges. Instead, shares in the trust are quoted on OTCQX, a U.S. company that provides trading services to companies not listed on a stock exchange.

GBTC’s management fee is 2%, considerably higher than what the majority of ETFs charge. However, it should be taken into account that this fund is a trust, and such management fees are not usual for cryptocurrency funds of this type.

The first three funds in our list are popular, high-profile products. However, some of the smaller funds might offer benefits such as better diversification or lower fees. The funds above, for instance, are all based on tracking Bitcoin, whether directly or via Bitcoin futures, as is the case with the ProShares ETF. But what if you’d like exposure to other leading crypto assets as well?

Canada’s largest investment firm, CI Financial, offers a crypto ETF based on tracking the price of the 

 features among the world’s lowest management fees at 0.4%. It also has no minimum investment requirement.

The fund was launched in April 2021 and trades on the Toronoto Stock Exchange (TSX). The CI Galaxy Ethereum ETF is a good choice for investors who don’t want to be limited to Bitcoin assets only, and are looking for a low-cost entry into the crypto ETF space.

5. CI Galaxy Multi-Crypto ETF (CMCX-B.TO)

This is another ETF product from CI Financial. Unlike the firm’s Ethereum ETF above, the 

 offers exposure to both Bitcoin and Ethereum. Its Multi-Crypto ETF is ideal for investors who prefer to have a balanced investment strategy based on the world’s top two cryptos.

In addition to Bitcoin and Ethereum, a portion of the total funds are allocated to cash equivalent investments. This strategy should reduce the overall volatility of your investment. The allocations to cash equivalents are a great feature of this fund, particularly taking into account crypto’s inherently volatile nature.

As of now, a hefty 88% of the total AUM is directed toward cash equivalent investments. Such a high share diverted away from Bitcoin and Ethereum could be due to the currently under-performing crypto market. As the performance of Bitcoin and Ethereum improves, a higher share of the fund is likely to flow back to its crypto allocations.

The fund debuted on the market last February and has a management fee of 0.5%, which is among the lowest for a multi-crypto fund product.

6. Global X Blockchain and Bitcoin Strategy ETF (BITS)

 provides a mix of exposure to Bitcoin futures and stocks of blockchain and crypto industry companies. This fund is offered by Global X, a New York fund manager specifically focused on ETF products.

It started trading on the NASDAQ in November last year and features a very affordable management fee of 0.65%. Currently, the fund has over $7 million in AUM.

The ETF is based approximately 51% on a Bitcoin futures contract traded on the CME. The rest is allocated to Global X’s other ETF product, the Blockchain ETF (BKCH), with a small percentage on treasury bills and cash. The Blockchain ETF is a fund that invests in stocks of digital, blockchain and crypto companies. Among its top holdings are cryptocurrency mining companies Marathon Digital and Riot Blockchain, and the Coinbase crypto exchange.

This is one example of an ETF that has an allocation to another ETF product, quite common for crypto ETFs — or ETFs in general, for that matter. It’s a great option for investors who would like to have balanced exposure to Bitcoin and blockchain-based stocks. Although many blockchain and digital industry companies are affected by Bitcoin’s price fluctuations, their share prices may often be less volatile than the actual price of Bitcoin, the world’s top cryptocurrency.

Additionally, these stocks — depending on the nature of their business — may outperform Bitcoin or Bitcoin futures during crypto market slumps.

 is another ETF product with a balance of Bitcoin and Ethereum holdings. It was launched in September 2021 by Evolve ETFs, another specialist provider of ETF products. It’s based 68.7% on the company’s Bitcoin futures ETF and 31.29% on its Ethereum futures ETF.

The fund has over $19 million in AUM. Evolve’s website indicates that the management fee is 0%. However, the actual fee payable by customers is 0.75%, which is linked to the expense ratios of the two ETFs that make up this product. Being under 1%, the fee is still among the most competitive in the industry.

 (exchange-traded product) from 21Shares is a great fund if you’d like to diversify your investment beyond Bitcoin and Ethereum. Although the fund is assigned the more generalized label of an ETP, it’s essentially an ETF product based on tracking the price of 

, the fifth largest cryptocurrency by market cap as of August 2022.

The fund was launched in October 2019 by 21Shares AG, a Swiss-based investment firm specializing in cryptocurrency fund products. The BNB ETP is available for trade on several European stock exchanges in Germany, Holland, France and Switzerland.

The fund currently has over $314.42 million in assets under management. Its management fee is 2.5%, on the high end among the funds on our list. Although a low management fee was an important factor for qualification to our ETF list, we included this product due to its focus on the BNB coin, a cryptocurrency that has posted a significantly better yearly performance than both Bitcoin and Ethereum. While Bitcoin and Ethereum have dropped by 46% and 39%, respectively, from a year ago, the BNB coin has experienced a much milder 23% drop.

In the world of crypto ETFs, many products are focused on the world’s two largest crypto coins. Products like the 21Shares BNB ETP are a great way to access other, potentially better performing high-cap cryptos.

9. Fidelity Crypto Industry and Digital Payments ETF (FDIG)

Fidelity Investments is one of the largest asset managers on the planet. Its crypto-related products are bound to be of high interest to many investors. Fidelity does not specialize in ETFs based on crypto coins or Bitcoin futures.

However, the company manages an ETF product, the 

, which is mostly based on stocks of companies from the crypto, digital and blockchain technology domains.

At least 80% of the fund is designed to be allocated to stocks. The current industry allocations of the fund are shown below.

The management fee for the Fidelity ETF is just 0.39%, among the most competitive on the market.

10 Best Crypto ETFs To Invest In (2022 Edition)

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