Betashares U.S Dollar ETF

The Betashares U.S Dollar ETF, with the ticker USD, is designed to provide investors with exposure to the U.S. dollar relative to the Australian dollar. Instead of investing in stocks or bonds, this ETF holds U.S. dollars in bank accounts, allowing investors to benefit from movements in the exchange rate between the U.S. dollar and the Australian dollar. This can be particularly useful for those looking to hedge against a weakening Australian dollar or for those who want to diversify their currency exposure. With a management fee of 0.45%, it offers a straightforward way to gain access to the U.S. currency market without directly buying foreign currency.