Should You Invest in Bitcoin ETFs Now?

Asia's Tech News Daily

Bitcoin and other cryptocurrencies have rebounded after a sharp sell-off last week, along with other risky assets on concerns relating to omicron. The world’s largest cryptocurrency had tumbled into bear market briefly, down more than 20% from its all-time high of $69,000 touched earlier this month. It has now climbed back above $58,000 and is up almost 100% year-to-date.

Investors can now easily buy bitcoin on crypto exchanges like Coinbase (COIN), and on platforms such as PayPal (PYPL) and Square (SQ). Many still prefer an ETF, so they don’t have to worry about custody issues. They can hold these ETFs in traditional investment accounts where they hold stocks and bonds.

>, Click to get this free report, Zacks Investment Research” title=”Get it free >>, Click to get this free report, Zacks Investment Research”>

– Zacks

The first US-listed bitcoin ETF– the ProShares Bitcoin Strategy ETF (BITO)—had a very successful debut, thanks mainly to immense pent-up demand, but the two that came just a few days later have struggled to gather assets.

Most investors are waiting for a spot bitcoin ETF given roll costs and liquidity issues associated with futures-based ETFs, but SEC Chairman Gary Gensler wants more clarity on regulatory jurisdictions over various parts of the crypto ecosystem. He has also mentioned the need for surveillance agreements with crypto trading platforms.

To learn more about BITO, the Valkyrie Bitcoin Strategy ETF (BTF) and the VanEck Bitcoin Strategy ETF (XBTF), please watch the short video above.

 


Want key ETF info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.

Get it free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report

 

Square, Inc. (SQ): Free Stock Analysis Report

 

Coinbase Global, Inc. (COIN): Free Stock Analysis Report

 

Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report

 

ProShares Bitcoin Strategy ETF (BITO): ETF Research Reports

 

Valkyrie Bitcoin Strategy ETF (BTF): ETF Research Reports

 

VanEck Bitcoin Strategy ETF (XBTF): ETF Research Reports

 

To read this article on Zacks.com click here.

 

Zacks Investment Research

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

STMicroelectronics (STM) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, STMicroelectronics (STM) closed at $49.61, marking a +1.91% move from the previous day. This change outpaced the S&P 500’s 0.08% gain on the day. Elsewhere, ... Read more »

Norwegian Cruise Line (NCLH) Stock Sinks As Market Gains: What You Should Know

Norwegian Cruise Line (NCLH) closed the most recent trading day at $22.96, moving -0.65% from the previous trading session. This move lagged the S&P 500’s daily gain of 0.08%. Meanwhile, ... Read more »

3 Sales & Earnings Growth Winners

With thousands of companies about to report their quarterly results as a new earnings season begins, let’s take a look at the Sales & Earnings Growth Winners screen. It starts ... Read more »

DuPont de Nemours (DD) Outpaces Stock Market Gains: What You Should Know

DuPont de Nemours (DD) closed the most recent trading day at $84.97, moving +1.14% from the previous trading session. This move outpaced the S&P 500’s daily gain of 0.08%. Meanwhile, ... Read more »

The Andersons (ANDE) Stock Sinks As Market Gains: What You Should Know

The Andersons (ANDE) closed the most recent trading day at $39.28, moving -0.51% from the previous trading session. This move lagged the S&P 500’s daily gain of 0.08%. Meanwhile, the ... Read more »

Ally Financial (ALLY) Stock Sinks As Market Gains: What You Should Know

Ally Financial (ALLY) closed at $52.64 in the latest trading session, marking a -0.23% move from the prior day. This change lagged the S&P 500’s daily gain of 0.08%. At ... Read more »

New Residential Investment (NRZ) Stock Sinks As Market Gains: What You Should Know

New Residential Investment (NRZ) closed the most recent trading day at $11.14, moving -0.18% from the previous trading session. This change lagged the S&P 500’s 0.08% gain on the day. ... Read more »

Toyota Motor Corporation (TM) Stock Sinks As Market Gains: What You Should Know

Toyota Motor Corporation (TM) closed the most recent trading day at $210.69, moving -0.32% from the previous trading session. This change lagged the S&P 500’s 0.08% gain on the day. ... Read more »

GlaxoSmithKline share price up, Unilever down: here's why I'd buy both

Trader on video call from his home office I don’t own shares in GlaxoSmithKline (LSE: GSK) or Unilever (LSE: ULVR), but my reasons for wanting to buy them have grown ... Read more »

This Entrepreneur Transformed the Power Of the Environment Into a Successful Business

What is all around us is the major influence on our lives. Whether we succeed or fail professionally or in a relationship is directly influenced by the atmosphere we live ... Read more »

S. Korea's instant meals market skyrockets 145% over 4 years

(Yonhap)The South Korean market of instant meals jumped more than 145 pct in 2020 from four years earlier on the increased number of convenience stores and the coronavirus pandemic, data ... Read more »

Won's steep descent caused by high commodity prices, reliance on China, foreigners' selloff

SEOUL, Jan. 18 (Yonhap) — South Korea’s currency has depreciated against the U.S. dollar more steeply than other currencies due to soaring prices of raw materials, the country’s heavy dependence ... Read more »

Who is Antonio Horta-Osorio, the ex Lloyds chief ousted from Credit Suisse over Covid rules

(Daniel Hambury/@stellapicsltd) Antonio Horta-Osorio, the former boss of Lloyds Banking Group, has made headlines after allegedly breaking coronavirus restrictions and subsequently resigning as chairman of Swiss bank Credit Suisse. Sir ... Read more »

23 shippers fined W96.2b for collusion on freight rates

(HMM)South Korea’s antitrust regulator said Tuesday it has decided to impose a combined fine of 96.2 billion won ($80.7 million) in fines on 23 Korean and foreign shippers for their ... Read more »

Rio Tinto says output from $2.4 billion Serbia lithium project to be delayed

The Rio Tinto mine in Boron, California (Reuters) – Rio Tinto on Tuesday pushed back its timeline by a year to 2027 for first saleable production at its $2.4 billion ... Read more »

‘People are spooked': Australia's January consumer confidence sinks to three-decade low over Omicron

Photograph: Bianca de Marchi/AAP As Covid cases surge Australians are avoiding spending, despite 2021 ending on an economic high Get our free news app; get our morning email briefing Australia’s ... Read more »

Auto exports up 8.6% in 2021 on popularity of eco-friendly cars

This file photo provided by Hyundai Motor shows the Seven concept SUV unveiled at the LA Auto Show on Wednesday. (Hyundai Motor)South Korea’s auto exports rose 8.6 percent on-year in ... Read more »

ABS issuance down 22% in 2021

The headquarters of the Financial Supervisory Service in Seoul (Yonhap)The issuance of asset-backed securities (ABS) in South Korea shrank 22 percent on-year in 2021 due to declined sales of government-led ... Read more »

U.S. stock futures are little changed ahead of more earnings reports

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, January 12, 2022.Brendan McDermid | Reuters U.S. stock futures were little changed Monday night as ... Read more »

The 'Stress-Free Side Hustle' Is Not a Thing

Self-help and service-based literature do would-be entrepreneurs a disservice by casually tossing out promises like “easy”, “stress-free” or “make six figures in your sleep” when it comes to exploring side hustles. Startups require repeated ... Read more »

Will Comerica (CMA) Keep Earnings Beat Streak Alive in Q4?

Comerica Incorporated CMA is scheduled to report fourth-quarter and 2021 results, before the opening bell on Jan 19. The bank’s revenues and earnings are likely to have registered growth from ... Read more »

Earnings Preview: Bank of Marin (BMRC) Q4 Earnings Expected to Decline

Wall Street expects a year-over-year decline in earnings on higher revenues when Bank of Marin (BMRC) reports results for the quarter ended December 2021. While this widely-known consensus outlook is ... Read more »

Earnings Preview: Equity Bancshares (EQBK) Q4 Earnings Expected to Decline

Wall Street expects a year-over-year decline in earnings on higher revenues when Equity Bancshares (EQBK) reports results for the quarter ended December 2021. While this widely-known consensus outlook is important ... Read more »

Regions Financial (RF) to Post Q4 Earnings: A Beat in Store?

Regions Financial RF is scheduled to report fourth-quarter and 2021 results on Jan 20, before the opening bell. The bank’s revenues and earnings are expected to indicate a decline from ... Read more »

Boot Barn (BOOT) Earnings Expected to Grow: Should You Buy?

The market expects Boot Barn (BOOT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook ... Read more »

5 Stocks Offering Exposure to the Promising Semiconductor Industry

While supply constraints impacting some players are likely to continue through much of this year, the strong demand environment is leading to price increases and long-term supply agreements (for some). The ... Read more »

Customers Bancorp (CUBI) Reports Next Week: Wall Street Expects Earnings Growth

Wall Street expects a year-over-year increase in earnings on higher revenues when Customers Bancorp (CUBI) reports results for the quarter ended December 2021. While this widely-known consensus outlook is important ... Read more »

Earnings Preview: Logitech (LOGI) Q3 Earnings Expected to Decline

The market expects Logitech (LOGI) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook is ... Read more »

Ripple In The Pond – Oil & Gas In 2022

Happy New Year friends and investors! What an amazing new year it is likely to be. Like a bolder dropped in a pond, the virus produced a huge implosion of ... Read more »

Bassett (BSET) to Post Q4 Earnings: What's in the Offing?

Bassett Furniture Industries, Incorporated’s BSET fourth-quarter fiscal 2021 earnings and revenues are expected to have decreased on a year-over-year basis, thanks to raw material shortages, escalating labor and commodity costs, ... Read more »

Southern Copper (SCCO) Earnings Expected to Grow: What to Know Ahead of Q4 Release

Wall Street expects a year-over-year increase in earnings on higher revenues when Southern Copper (SCCO) reports results for the quarter ended December 2021. While this widely-known consensus outlook is important ... Read more »

Earnings Preview: Citizens Financial Services (CZFS) Q4 Earnings Expected to Decline

Citizens Financial Services (CZFS) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook ... Read more »

Can High Revenues Drive Northern Trust's (NTRS) Q4 Earnings?

Northern Trust Corporation’s NTRS fourth-quarter and 2021 results, scheduled for Jan 20 release, are expected to indicate gains in revenues and earnings from the respective year-ago reported figures. – Zacks ... Read more »

Republic First (FRBK) Earnings Expected to Grow: Should You Buy?

Republic First (FRBK) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook gives ... Read more »

RBB (RBB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Wall Street expects a year-over-year increase in earnings on higher revenues when RBB (RBB) reports results for the quarter ended December 2021. While this widely-known consensus outlook is important in ... Read more »

In 2021, Norway registered its biggest trade surplus of all time

Norway exported a record high of NOK 1,377.8 billion in 2021, which contributed to the current trade surplus of NOK 531 billion. According to Statistics Norway, the high prices for ... Read more »

Millennials Aren't Always About the Digital Experience. That's Good News for Your Marketing Department.

It turns out that millennials’ digital-first reputation might be getting misinterpreted. And that could be a very good thing for your business’s marketing department. As a generational cohort, the majority ... Read more »

ABS issuance down 22 pct in 2021

SEOUL, Jan. 18 (Yonhap) — The issuance of asset-backed securities (ABS) in South Korea shrank 22 percent on-year in 2021 due to declined sales of government-led mortgage securities, data showed ... Read more »

The Best Ways to Secure Your Digital Assets and Protect Your Cyber Livelihood

The development of digital assets in the 21st century includes everything from documents saved on the cloud, to eCommerce and virtual content, (which now has adaptive database storage). Technology has created a ... Read more »

3 Reasons Growth Investors Will Love Genesco (GCO)

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market’s attention and produce exceptional returns. But finding a growth stock that can ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic