Reddit Posts
Mentions
tldr; The global cryptocurrency market, with a current capitalization of $2.69 trillion, could see significant growth this year, potentially reaching a $5 trillion market cap. This growth is expected to benefit equity-based exchange traded funds (ETFs) like the Invesco Alerian Galaxy Crypto Economy ETF (SATO) and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC), which have substantial investments in bitcoin. Ripple CEO Brad Garlinghouse predicts this expansion, attributing it to macro trends and the potential for a more favorable regulatory environment in the U.S., which could further drive institutional investment and adoption of cryptocurrencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Some analysts believe Bitcoin's impressive 2023 start could be the start of a new, potentially lengthy bull market. If that scenario materializes, it could lift equity-based crypto-correlated exchange traded funds, including the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; The Invesco Alerian Galaxy Global Blockchain Users and Decentralized Commerce ETF (BLKC) debuted in October. A recent study indicates that nearly 58% of multinational companies are using at least one form of cryptocurrency for cross-border payments. The fund holds 63 stocks, nearly 54% of which are tech companies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Just wanted to throw this out there as an alternative to going on an exchange and plunking down fiat to buy and hold actual crypto. Some people have access problems, some have fears of being hacked or loosing control of wallets. Sometimes your capital is just locked up in other forms and you are FOMO on all this hot crypto action. I have bought and held crypto, both big dogs and alt coins, on various exchanges, but I also found a way to invest in other ways. All boats win on a rising tide. Grayscale has 2 that I want to mention. GBTC is Grayscale's Bitcoin Trust, it buys and holds BTC. When BTC goes up, GBTC goes up. Now this one is OTC(Over the Counter) meaning it might have some buying restrictions if your are talking about moving money in your retirement accounts. ETCG is another fund of theirs, but it is for ETH. 3 more I looked into are BKCH & BLKC & SATO. BKCH is Global X blockchain EFT. These EFT's or (exchange Traded Funds) are like indexes in that they buy and hold stocks in multiple companies (too spread the risk). BKCH is not necessarily for crypto but for companies using/benefiting from blockchain. This is a nice sideways way to profit from the ever expanding blockchain world. Lastly BLKC & SATO, new EFT's on the block (like new today). The Invesco Alerian Galaxy Crypto Economy ETF (SATO) and the Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC) begins trading Thursday on Global Markets. The ETFs are passively managed, rebalanced monthly and charge an expense ratio of 0.60%. Roughly 80% of SATO’s portfolio is dedicated to companies that derive more than 50% of their performance from cryptocurrency activities, such as mining companies, crypto infrastructure builders and crypto-buying companies. BLKC invests in largely the same companies, but also tracks firms engaged in blockchain technology that aren’t necessarily tied to cryptocurrency. Discuss below why you might want to branch sideways into these instead of just buying Crypto, but I like having my eggs in multiple baskets. They are all still poised to profit from same places. Forgot Microsystems at MSTR, big holder of BTC.
tldr; The Invesco Alerian Galaxy Global Blockchain Users and Decentralized Commerce ETF (BLKC) debuted in October. A recent study indicates that nearly 58% of multinational companies are using at least one form of cryptocurrency for cross-border payments. The fund holds 63 stocks, nearly 54% of which are tech companies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*