Insights

The Betashares Crypto Innovators ETF has dumped 23% in a month. Is it now a bargain?

This ASX crypto-based ETF has had a volatile start to ASX life…
The post The Betashares Crypto Innovators ETF has dumped 23% in a month. Is it now a bargain? appeared first on The Motley Fool Australia. –

When the BetaShares Crypto Innovators ETF (ASX: CRYP) launched on the ASX last year, it caused quite the stir. This exchange-traded fund (ETF) took only eight minutes on the ASX to surpass $8 million worth of trades. By the end of its first day, investors had exchanged $39.7 million worth of the ETF’s units, smashing an ASX record.

This ETF from provider BetaShares doesn’t invest in cryptocurrencies like Bitcoin (CRYPTO: BTC) directly. Instead, it invests in companies that provide “‘picks and shovels’ exposure to the companies building crypto mining equipment, crypto trading venues, and other key services that allow the crypto economy to thrive”.

Some of its current top holdings include Silvergate Capital Corp, Microstrategy Inc, and Coinbase Global Inc.

But unfortunately for the BetaShares Crypto Innovators ETF’s early investors, there hasn’t been much in the way of good news since its launch. On its first day of ASX life, CRYP closed at $11.28 per unit. But as it stands at end of trading on Tuesday, this ETF is asking just $4.89. That’s a fall of almost 57%.

Of that fall, 23.35% has come during the past month alone. But now that we have seen such savage falls, many investors might be wondering if this ETF is in the bargain bin.

Is the BetaShares Crypto ETF a buy or a sell today?

Well, let’s check out what two ASX expert investors reckon. Felicity Thomas from Shaw and Partners and Ben Nash from Pivot Wealth both joined a Livewire podcast recently where they shared their views on this ASX ETF.

Here’s some of what Nash had to say:

This one’s a buy from me. I think crypto is a really interesting space, the blockchain technology has so many applications that I think we’re only just starting to see that. I think it will just grow and continue to grow. Also, the house always wins, so a lot of the companies that this particular ETF is investing in, they’re companies that are not necessarily tied to the price or value of cryptocurrency or other digital assets but instead that make money when they’re more and more popular. So I think that it’s a huge growth area.

So that’s pretty unequivocal there. Fortunately, Thomas agreed that CRYP units were a buy. Here’s some of what she added:

It’s another buy from me. It’s off 45% from its original initiation price. I really like what Ben said, in that it’s the picks and shovels of cryptocurrency in different companies, rather than direct cryptocurrency. You make money on the buyers and sales. So with ANZ and NAB and all the majors getting into cryptocurrency, I think it’s here to stay.

So that’s how these two ASX experts view CRYP right now. Although this ETF’s first few months of life haven’t been easy, who knows what the future of cryptocurrency might bring to the companies that enable this technology.

The BetaShares Crypto Innovators ETF charges a management fee of 0.67% per annum.

The post The Betashares Crypto Innovators ETF has dumped 23% in a month. Is it now a bargain? appeared first on The Motley Fool Australia.

Should you invest $1,000 in the BetaShares Crypto Innovators ETF right now?

Before you consider the BetaShares Crypto Innovators ETF, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and the BetaShares Crypto Innovators ETF wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

More reading

2 exciting ETFs for ASX investors this month

3 of the best ETFs for ASX investors to buy this month

3 exciting ETFs for ASX investors to buy today

Here are the 5 worst-performing ASX ETFs over the March quarter

3 very exciting ETFs for ASX investors this month

Motley Fool contributor Sebastian Bowen owns Bitcoin and Coinbase Global, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Betashares Crypto Innovators ETF, Bitcoin, and Coinbase Global, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended MicroStrategy and Silvergate Capital Corporation. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US & HK* Trades. Click Here!