Now that crypto investors can buy exchange-traded funds (ETFs) holding everything from Bitcoin (BTC 1.67%) to XRP (XRP 2.16%), the big question is which fund or coin deserves the largest allocation. For instance, the iShares Bitcoin Trust (IBIT 1.50%) gives investors exposure to Bitcoin, whereas the Bitwise XRP ETF (XRP 1.49%) does the same for XRP.

Both funds remove the hassle of self-custody, but the ETF structure doesn’t actually determine whether the underlying asset deserves your capital. So let’s look at the case for buying each.

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Bitcoin should probably be your core crypto position

The iShares Bitcoin Trust holds 810,000 bitcoins, valued at about $65 billion, and it has a fairly low annual expense…