Are there any tangible stocks that track the performance of popular cryptocurrencies?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, there are a few options available for investors who prefer tangible assets like stocks to track the performance of popular cryptocurrencies. One example is the Grayscale Bitcoin Trust (GBTC), which is a publicly traded trust that holds Bitcoin and allows investors to gain exposure to Bitcoin without directly owning it. Another option is the Bitwise 10 Crypto Index Fund (BITW), which is an exchange-traded fund (ETF) that holds a diversified portfolio of cryptocurrencies. These stocks can be purchased through traditional brokerage accounts, making it easy for investors to add cryptocurrency exposure to their portfolios.
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• Dec 18, 2021 · 3 years ago
  Definitely! If you're looking for tangible stocks that track the performance of popular cryptocurrencies, you're in luck. One option is the Coinbase Global Inc. (COIN) stock, which is the largest cryptocurrency exchange in the United States. By investing in COIN, you indirectly gain exposure to the cryptocurrency market as Coinbase's revenue is heavily dependent on trading fees. Another option is the Riot Blockchain Inc. (RIOT) stock, which is a company that focuses on cryptocurrency mining. By investing in RIOT, you can benefit from the potential growth of the cryptocurrency industry.
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• Dec 18, 2021 · 3 years ago
  Absolutely! While most cryptocurrencies are not directly tied to tangible assets like stocks, there are some stocks available that provide exposure to the cryptocurrency market. One popular option is the Grayscale Ethereum Trust (ETHE), which holds Ethereum and allows investors to gain exposure to the price movements of Ethereum without owning the cryptocurrency directly. It's important to note that investing in these stocks still carries risks, as the value of cryptocurrencies can be volatile. However, they can be a convenient way for investors to participate in the cryptocurrency market through traditional investment vehicles.
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