One of the biggest stories of the year has been Bitcoin.
Since the year began, it ran from $93,462.86 to a recent high of $120,551. From here, some analysts say it could rally to $150,000 by year end.
Fueling upside, President Trump could soon approve crypto investments for retirement accounts. “The order, which could be signed as soon as this week, would allow 401(k)accounts to invest in a broader set of assets beyond traditional stocks and bonds such as digital assets, gold and private equity, and would direct regulators to clear any hurdles,” reported CoinDesk.com.
For us, some of our favorite ways to trade upside in Bitcoin is with mining stocks, such as Marathon (SYM: MARA) and Riot (SYM: RIOT), Coinbase (SYM: COIN), MicroStrategy (SYM: MSTR) and a few ETFs which still appear attractive. Those include:
ProShares Bitcoin Strategy ETF (SYM: BITO)
If you believe the value of Bitcoin will push higher, you can invest in the ProShares Bitcoin Strategy ETF. With an expense ratio of 0.95%, the ETF tracks the performance of spot Bitcoin, according to ProShares.com.
As noted by Money, “Like all crypto ETFs, part of the allure of BITO is that investors don’t need to deal with cryptocurrency wallets and private keys but can instead invest through a broker they already use.”
YieldMax Bitcoin Option Income Strategy ETF
With an expense ratio of 0.99% and a yield of 1.54%, the YieldMax Bitcoin Option Income Strategy ETF (SYM: YBIT) does not invest directly in Bitcoin.
Instead, it will generate current income via a synthetic covered call strategy on one or more select U.S.-listed Bitcoin ETPs – a category of investment vehicle that is generally backed by an asset such as gold, a commodity, or a crypto token.
The best part – you don’t need to know much about options to buy the YBIT. Just invest, wait for the ETF to appreciate with Bitcoin, collect your dividends, and repeat.
ARK 21Shares Bitcoin ETF
We can also take a look at the ARK21 Shares Bitcoin ETF (SYM: ARKB).
With an expense ratio of 0.21%, the ETF provides exposure to Bitcoin, which is kept in cold storage by one of the largest crypto custodians, offering greater protection than custody options available to individual investors.
Not to sound like a broken record, since Bitcoin bottomed out at around $75,000 in April, the digital currency ran to a recent high of $119,958. Going along for the ride, the ARKB ETF ran from about $26 to $39.87.
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