There are lots of exchange-traded funds (ETFs) to choose from on the Australian share market.

To narrow things down, let's take a look at three hot ASX ETFs that could be good additions to a balanced investment portfolio.

Here's what you need to know about them:

BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC)

The first ASX ETF that could be a great option this month is the BetaShares S&P/ASX Australian Technology ETF.

It gives investors easy access to the leading Australian companies in a range of tech-related market segments such as information technology, consumer electronics, online retail and medical technology.

It was recently named as one to buy by analysts at Betashares. They note that "with the nascent adoption of AI, cloud computing, big data, automation, and the internet of things, there's a good chance that the next decade's major winners will come from the tech sector." Among its holdings are Pro Medicus Limited (ASX: PME) and Xero Ltd (ASX: XRO).

The BetaShares S&P/ASX Australian Technology ETF has risen 34% since this time last year.

BetaShares Diversified All Growth ETF (ASX: DHHF)

Another ASX ETF that could be a good option for investors to consider this month is the BetaShares Diversified All Growth ETF.

Betashares also recently tipped it as a buy. It highlights that the fund provides investors with exposure to around 8,000 large, mid, and small cap stocks from Australia, the US, developed markets, and emerging markets.

This means it is 100% invested in growth assets, providing an investment option with high growth potential. This could make it suitable for investors with a higher than average tolerance for risk.

The BetaShares Diversified All Growth ETF has risen 14% over the past 12 months.

BetaShares Crypto Innovators ETF (ASX: CRYP)

A final ASX ETF for to look at is the BetaShares Crypto Innovators ETF.

It could be worth considering if you feel bullish on the long term outlook for the crypto market and have a high tolerance for risk.

As its name implies, the ETF has been designed to capture the full crypto ecosystem. This includes pure-play crypto companies, those whose balance sheets are held at least 75% in crypto-assets, and diversified companies with crypto-focused business operations. If the crypto market continues to grow, then these companies should benefit greatly.

The BetaShares Crypto Innovators ETF is up 53% since this time last year.