Bitcoin is just starting to accelerate higher again.
At the start of 2024, the digital currency traded at $42,280. Today, it’s up to $107,338 and could run even higher on retail, government, and institutional interest.
Helping, the U.S. Senate just passed a landmark bill to regulate cryptocurrency – which creates a path for digital assets to go mainstream.
According to USA Today, “The 68-30 vote reflects a major victory for the crypto industry, which has been aggressively lobbying Congress on the legislation. The bill must be approved by the Republican-led House before Trump can sign it into law.”
In fact, the House could vote on it the week of July 7.
That being said, investors may want to invest in Bitcoin, in related stocks, or even in exchange traded funds (ETFs) such as:
ProShares Bitcoin Strategy ETF
If you believe the value of BTC will push higher, you can invest in the Pro Shares Bitcoin Strategy ETF (SYM: BITO). 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 (NYSEARCA: 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.
Other than these Bitcoin ETFs, there’s also the iShares Bitcoin Trust (NASDAQ: IBIT), Grayscale Bitcoin Trust (NYSEARCA: GBTC), Bitwise Bitcoin ETF Trust (NYSEARCA: BITB), VanEck Bitcoin ETF (BATS: HODL), and the ProShares Ultra Bitcoin ETF (NYSEARCA: BITU).
Today’s Market News: Profit from Bitcoin whether it goes UP or DOWN
There’s a way to make money from Bitcoin… without risking a penny in Bitcoin.
It’s called “Bitcoin Skimming.”
With Bitcoin Skimming, you don’t have to put a single cent of your hard-earned money in Bitcoin.
And the best part? If — or when — Bitcoin crashes, you don’t have to worry. You could keep making money. You might make even more.
In this free video, hedge fund “Market Wizard” Larry Benedict reveals the full details…
Including how you can get started with his simple three-step system right away.
