Bitcoin ETFs might not be the best entry point into crypto right now.
| Dear Reader, Bitcoin [BTC] just entered a new milestone with the launch of the first Bitcoin ETFs — ProShares and Valkyrie. Not surprisingly, BTC spiked to US$64,206 — an all-time high. This is a big deal. It gives investors exposure to bitcoin, but with the ease and regulatory oversight of trading stocks. But as new and exciting as they are, these Bitcoin ETFs might not be the best entry point into crypto right now. And that’s because ETFs involve more middlemen, which means more costs and lower returns to investors. As popular crypto advocate Raoul Pal puts it: ‘Hedge funds get to capture those returns. Wall Street gets richer. Retail investors lose. Again.’We believe there’s a smarter play to get into cryptos. One that’s as easy to buy as ETFs but with potentially greater (though speculative) returns. At the heart of this play are these three bitcoin mining stocks… Regards, Ryan Dinse,
Editor, New Money Investor |
| Connect with us on social media: |
|
|
|
|
