To The Moon

Bitcoin prices are over $24,701 now and the YTD in 2023 is over 48%.

Do you trade bitcoin recently, will the up trend continue? Do you know some ETFs worth following up?

Cryptocurrencies rise along with global stock markets in 2023,Why?

One reply from google:

The other reason for Bitcoin to rally in 2023 is the U.S. Fed's latest less aggressive rate hike of just 25 basis points, which helped Bitcoin to maintain its rising trajectory and outperform as compared to other asset classes.

Seems inflation is a key factor in Bitcoin's price in 2023, with investors betting that the Fed's rate hikes can curb inflation without dragging the U.S. into recession.

Some other reasons may include: Investors expect that cryptocurrencies will get rid of the blow of U.S. regulation; in addition, the large-scale covering of short orders is also continuing the bear market rebound, and the rise will continue.

Cici Lu, founder of blockchain advisory firm Venn Link Partners, said：

“the momentum of the cryptocurrency rally could allow speculators to unwind their bearish bets, further fueling the cryptocurrency's gains.”

It looks like the worst period in the recent history of the entire cryptocurrency market is over? Bitcoin's fundamental value proposition, that it is a new decentralized and unhackable digital currency, has seen many supporters of Bitcoin take to Twitter to celebrate the recent price rise.

How long can this bitcoin rise wave last? Will you participate in the investment?

If you don’t trade Bitcoin directly, will you have interest in the following 5 ETFs?

Bitcoin ETFs allow investors to get exposure to the enticing potential of BTC without having to directly own it or safely store it.

None of the below 5 ETFs own actual Bitcoin. Instead, they hold Bitcoin futures contracts, and in some cases the shares of companies and other ETFs active in the cryptocurrency space.

The 5 ETFs $ProShares Bitcoin Strategy ETF(BITO)$ , $Valkyrie Bitcoin Strategy ETF(BTF)$ ,$VanEck Bitcoin Strategy ETF(XBTF)$ ,$AdvisorShares Managed Bitcoin Strategy ETF(CRYP)$ ,$GLOBAL X BLOCKCHAIN & BITCOIN STRATEGY ETF(BITS)$ see 57.66%,44.8%,44.37%, 43.85%,14.18% YTD in 2023 respectively.

Below are detailed advantages that may help:

$ProShares Bitcoin Strategy ETF(BITO)$ is the first Bitcoin ETF approved to trade in U.S. markets. Upon its debut in October 2021, BITO became one of the most heavily traded ETFs in market history, attracting around $1 billion in assets within a few days.

$Valkyrie Bitcoin Strategy ETF(BTF)$ is an actively managed ETF that launched in October 2021, hot on the heels of BITO. The Valkyrie Bitcoin Strategy fund aims to spend as close to 100% of its net assets as it can in Bitcoin futures contracts. Any remaining assets will be held in U.S. government securities,money market funds  and corporate bonds.

$VanEck Bitcoin Strategy ETF(XBTF)$ is an actively managed fund that launched in November 2021. XBTF aims to track the price of Bitcoin by investing in BTC futures and may invest some of its assets in Treasuries and cash.

$AdvisorShares Managed Bitcoin Strategy ETF(CRYP)$ is an actively managed fund that launched in April 2022. Like other Bitcoin funds, CRYP can’t invest in BTC directly. Rather, it aims to provide capital appreciation by investing in BTC futures. It may also choose to hold government securities and other affiliated ETFs.

$GLOBAL X BLOCKCHAIN & BITCOIN STRATEGY ETF(BITS)$ is an actively managed fund that launched in November 2021. BITS splits its holdings between Bitcoin futures contracts and indirect holdings in blockchain companies. As of August 2022, approximately 44% of BITS’ assets were invested in CME Bitcoin futures contracts and 56% were in BKCH.

Questions For You:

What do you think of the recent rise in Bitcoin?

Any other bitcoin ETF in your watchlist？

What is your expected price target for bitcoin in 2023?