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In fact they now hold more than $4.5 billion in assets, up $500 million in the third quarter of this year alone. The first currency ETF only opened at the end of 2005. Whereas currency trading used to be the province of institutions and private banks catering to the ultra-wealthy, any investor can now bet heavily on, say, the Chinese yuan or the Swedish krona.But that doesn’t mean you should put your life savings into foreign currencies, just because you can. When it might make the most sense for investors: If you have significant cash holdings, and want to hedge some of it against a potential fall of the greenback. With the U.S. government massively increasing its balance sheet, a spike in inflation in the next few years is a distinct possibility, which would eat away at the value of the dollar.
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