With Bitcoin up again, Invest in BTC or miners or ETFs?
$BlackRock(BLK)$ , the world's largest asset manager, has confirmed its plans to create an ETF that holds Ethereum's ether (ETH), causing a surge in ETH's price, reaching its highest level of the day near $2,100.
$Coinbase Global, Inc.(COIN)$ , a U.S.-based crypto exchange, would serve as the custodian for the ether held by the ETF.
In addition, crypto concept stocks like $MicroStrategy(MSTR)$, $Marathon Digital Holdings Inc(MARA)$, $Grayscale Bitcoin Trust (BTC)(GBTC)$ all jumps 5% or so.
This move follows BlackRock's previous interest in listing a Bitcoin ETF.
BlackRock and Grayscale's spot Bitcoin ETFs are closer to approval after news back on 24th Oct.
Bloomberg analysts indicate a 90% chance of approval for a Bitcoin ETF in January.
Do you invest Bitcoin or miner companies or ETFs?
Will you buy crypto assets now?
Or wait for the approval of spot ETFs?
Vote, comment and repost to win tiger coins!!
Invest in Bitcoin or miner companies or ETFs？(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
🌟🌟🌟I prefer to invest in$iShares Blockchain and Tech ETF(IBLC)$ which is an ETF that offers me access into the best companies that are involved in the development, Innovation and utilisation of Blockchain and Crypto Technologies. In just 1 trade I have instant exposure to companies like Coinbase, Riot Platforms, Marathon Digital, Cleanspark, Hut 8, IBM, Applied Digital, AMD, Nvidia and PayPal.
Mining Companies are the Picks and Shovels of Bitcoin and other cryptocurrencies without which there can be no Bitcoin or cryptocurrencies.
The expense ratio is 0.47%. The current dividend yield is 1.73%, paid every 6 months. It goes ex dividend on December 20, 2023.
Performance wise, IBLC is up a huge 72% year todate. With the imminent approval of Spot Bitcoin ETF, IBLC will definitely benefit. Wall Street Analysts are bullish on IBLC with a Buy rating, Target price of USD 27.40, an upside potential of 58%.
I like $iShares Blockchain and Tech ETF(IBLC)$ because it is low cost and less volatile than investing into Bitcoin directly. Best of all it all pays dividends while I wait for capital growth. That's my favourite kind of investing!
@Tiger_comments @TigerStars @MillionaireTiger @TigerClub @Tiger_SG
Wouldn't buy cryto directly as it is too volatile for my liking and currently regulations are still not clearly established. May however, consider ETF to balance out the risk across the different crypto and will only buy small amount at most...
Too much risk to invest in crypto! Stay away from risky investments and earn an honest dividend income is my preferred investing approach[Happy] Voted, commented, and reposted @Tiger_comments Thanks for the coins!
Avoid those stable coins, this is something I have learned from friends and peers.
Look forward to new Blockchain ETF to invest.