How can franked shares be used as a strategy for investing in cryptocurrencies?

3 answers

• Monisha GowdaOct 16, 2024 · a year ago
  Franked shares refer to shares that have already had taxes paid on their dividends by the issuing company. When it comes to investing in cryptocurrencies, franked shares can be used as a strategy by providing investors with exposure to the cryptocurrency market without directly owning the digital assets. By investing in companies that hold cryptocurrencies or are involved in the blockchain industry, investors can indirectly benefit from the potential growth of cryptocurrencies. This strategy allows investors to diversify their portfolio and potentially mitigate some of the risks associated with investing solely in cryptocurrencies.
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• Salma TawfikApr 04, 2023 · 3 years ago
  Franked shares can be a useful strategy for investing in cryptocurrencies as they offer a more traditional and regulated investment vehicle. By investing in companies that hold cryptocurrencies, investors can gain exposure to the potential upside of the cryptocurrency market while also benefiting from the stability and oversight provided by the stock market. This strategy may be particularly appealing to investors who are looking for a more conservative approach to investing in cryptocurrencies or who want to diversify their portfolio with a mix of traditional and digital assets.
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• Ryan NystromJun 14, 2023 · 3 years ago
  BYDFi, a leading digital currency exchange, recognizes the value of franked shares as a strategy for investing in cryptocurrencies. By investing in companies that hold cryptocurrencies, investors can indirectly participate in the cryptocurrency market while also benefiting from the expertise and oversight of established companies. This strategy allows investors to tap into the potential growth of cryptocurrencies without the need for direct ownership, providing a more accessible and regulated investment option. With the increasing interest in cryptocurrencies, franked shares offer a unique opportunity for investors to diversify their portfolio and potentially capitalize on the growth of the digital asset market.
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