If you’re interested in the tech sector and exchange traded funds (ETFs), then you may want to check out the ETFs that are listed below. Both cover areas of the sector that are booming right now.
Here’s what you need to know about these exciting tech focused ETFs:
BetaShares Crypto Innovators ETF (ASX: CRYP)
If you’re interested in cryptocurrencies but aren’t too keen on investing directly in coins, then the BetaShares Crypto Innovators ETF could be worth considering when the market reopens next week.
BetaShares notes that this high risk ETF provides investors with a convenient, cost-effective way to gain exposure to the leaders of the rapidly emerging crypto economy. These are companies that provide mining equipment, trading platforms, and even the mining of bitcoin and other cryptocurrencies.
Among the shares included in the fund are bitcoin mining hardware manufacturer Canaan, crypto trading platform Coinbase, crypto bank Silvergate, and mining company Riot Blockchain.
BetaShares Global Cybersecurity ETF (ASX: HACK)
Another area of the tech industry that is booming right now is the cybersecurity sector. Due to the shift of infrastructure to the cloud and the rising threat of cyberattacks, demand for cybersecurity services has been growing strongly in recent years. And with online threats only getting greater each year, the leading companies in the sector look well-placed to benefit from increasing demand for years to come.
This bodes well for the shares included in the BetaShares Global Cybersecurity ETF. This fund aims to track the performance of an index that provides investors with exposure to the leaders in the global cybersecurity sector.
Among the shares included in the fund are cybersecurity giants such as Accenture, Cisco, Cloudflare, Crowdstrike, and Okta.
The post 2 exciting tech ETFs for your watchlist appeared first on The Motley Fool Australia.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended BETA CYBER ETF UNITS and Betashares Crypto Innovators ETF. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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