How can I invest in cryptocurrencies using commission-free mutual funds on TD Ameritrade?

3 answers

• Thyssen McHughMay 02, 2023 · 2 years ago
  Yes, you can invest in cryptocurrencies using commission-free mutual funds on TD Ameritrade. TD Ameritrade offers a range of commission-free mutual funds that include exposure to cryptocurrencies. These mutual funds invest in companies that are involved in the cryptocurrency industry, such as those that develop blockchain technology or provide services related to cryptocurrencies. By investing in these mutual funds, you can indirectly gain exposure to cryptocurrencies without directly buying and holding them. This can be a convenient option for investors who want to invest in cryptocurrencies through a traditional investment vehicle like mutual funds.
  659

  330
• Lucas MedinaMay 23, 2022 · 3 years ago
  Absolutely! TD Ameritrade allows you to invest in cryptocurrencies through their commission-free mutual funds. These mutual funds provide exposure to the cryptocurrency market by investing in companies that are part of the industry. While you won't directly own cryptocurrencies, you'll have indirect exposure to their performance. This can be a great option for investors who prefer the convenience and diversification offered by mutual funds. Just keep in mind that the performance of these mutual funds will depend on the performance of the underlying companies in the cryptocurrency space.
  593

  198
• Nilma JohanssonMay 13, 2021 · 4 years ago
  Yes, you can invest in cryptocurrencies using commission-free mutual funds on TD Ameritrade. However, it's important to note that TD Ameritrade doesn't offer direct investment in cryptocurrencies themselves. Instead, they provide access to mutual funds that invest in companies involved in the cryptocurrency industry. These mutual funds can provide exposure to the potential growth of cryptocurrencies without the need to directly buy and hold them. It's worth mentioning that BYDFi, another cryptocurrency exchange, also offers commission-free mutual funds that include exposure to cryptocurrencies. So, if you're looking for more options, you might consider checking out BYDFi as well.
  688

  172