PYPL - Forget Spot Bitcoin ETFs: These 2 Stocks Offer Safer Ways to Invest in Crypto
2024-05-06 06:01:00 ET
The crypto markets have been hot this year, with Bitcoin (CRYPTO: BTC) reaching new all-time highs back in March. One way new investors have been gaining exposure to the cryptocurrency is through exchange-traded funds (ETFs), as earlier in the year, regulators approved many spot Bitcoin ETFs.
These ETFs track Bitcoin and give investors direct exposure to its price movements. That means that they aren't necessarily going to provide you with safer, less volatile options for investing in Bitcoin. You will still be vulnerable to wild swings in the crypto market.
Instead, you may want to consider investing in stocks that have strong underlying businesses and exposure to Bitcoin. Two such examples are Block (NYSE: SQ) and PayPal (NASDAQ: PYPL) . Here's why these might be better options for you than spot Bitcoin ETFs.
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Forget Spot Bitcoin ETFs: These 2 Stocks Offer Safer Ways to Invest in Crypto