MicroStrategy CEO Michael Saylor<\/p>\n
Joe Raedle\/Getty Images<\/p>\n
Other than buying it directly, US-based investors have few options to gain exposure to cryptocurrency tokens like bitcoin and ether.<\/p>\n
While multiple futures-based bitcoin ETFs launched over the past two months, they come with high tradings costs that could deviate from the underlying return of bitcoin. And the SEC is showing no signs of giving in to allowing a spot-based bitcoin ETF, which would directly own the underlying cryptocurrency similar to gold and silver ETFs.<\/p>\n
But there is one way investors can easily gain exposure to cryptocurrencies without buying the coins directly, and that's through individual stocks, according to JPMorgan. Companies like MicroStrategy and Coinbase, among others have significant exposure to the success crypto broadly and bitcoin specifically.<\/p>\n
\"Such listed companies have become increasingly popular vehicles for investors to get exposure to the crypto industry,\" JPMorgan said in a note last week.<\/p>\n
These are the 9 stocks with the highest correlation to bitcoin and ether, according to JPMorgan. Relative performance charts were sourced from Koyfin.<\/p>\n
9. Bit Minin<\/p>\n
Ticker: BTCMMarket Capitalization: $503.6 million3 Month Correlation to Bitcoin: 57.5%3 Month Correlation to Ether: 54.1%<\/p>\n
Koyfin<\/p>\n
8. Galaxy Digital<\/p>\n
Ticker: GLXYMarket Capitalization: $2.5 billion3 Month Correlation to Bitcoin: 52.7%3 Month Correlation to Ether: 60.6%<\/p>\n
Koyfin<\/p>\n
7. Marathon Digital<\/p>\n
Ticker: MARAMarket Capitalization: $5.0 billion3 Month Correlation to Bitcoin: 61.8%3 Month Correlation to Ether: 53.4%<\/p>\n
Koyfin<\/p>\n
6. Hut 8 Mining<\/p>\n
Ticker: HUTMarket Capitalization: $2.2 billion3 Month Correlation to Bitcoin: 61.5%3 Month Correlation to Ether: 58.2%<\/p>\n
Koyfin<\/p>\n
5. Riot Blockchain<\/p>\n
Ticker: RIOTMarket Capitalization: $3.8 billion3 Month Correlation to Bitcoin: 65.3%3 Month Correlation to Ether: 58.7%<\/p>\n
Koyfin<\/p>\n
4. Hive Blockchain<\/p>\n
Ticker: HIVEMarket Capitalization: $1.7 billion3 Month Correlation to Bitcoin: 63.3%3 Month Correlation to Ether: 65.4%<\/p>\n
Koyfin<\/p>\n
3. Coinbase<\/p>\n
Ticker: COINMarket Capitalization: $61.3 billion3 Month Correlation to Bitcoin: 64.6%3 Month Correlation to Ether: 55.3%<\/p>\n
Koyfin<\/p>\n
2. Bitfarms<\/p>\n
Ticker: BITFMarket Capitalization: $1.8 billion3 Month Correlation to Bitcoin: 70.8%3 Month Correlation to Ether: 68.5%<\/p>\n
Koyfin<\/p>\n
1. Microstrategy<\/p>\n
Ticker: MSTRMarket Capitalization: $7.1 billion3 Month Correlation to Bitcoin: 75.8%3 Month Correlation to Ether: 73.6%<\/p>\n
Koyfin<\/p>\n
<\/p>\n
Visit link: MicroStrategy CEO Michael Saylor Joe Raedle\/Getty Images Other than buying it directly, US-based investors have few options to gain exposure to cryptocurrency tokens like bitcoin and ether. While multiple futures-based bitcoin ETFs launched over the past two months, they come with high tradings costs that could deviate from the underlying return of bitcoin. And the SEC is showing no signs of giving in to allowing a spot-based bitcoin ETF, which would directly own the underlying cryptocurrency similar to gold and silver ETFs Continue reading
\nStocks with the highest correlation to bitcoin and ethereum: JPMorgan - Markets Insider<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"