I fell in love with Crypto a long time ago, I read articles about it everyday, I listen to podcasts about it everyday, I interact with the different protocals everyday. This has helped me develop views on what I want to or not want to be invested in, sometimes I’m right and sometimes I’m not. But I know that I’m kind of weird compared to everyone else, most people would say, “So what exactly is Bitcoin?”, or “I don’t get how all of that stuff works”. Which I get, its not the easest subject in the world, but how can you invest in this area in a simple fashion? In a way where you can invest in all the exciting stuff that is going on but also not spend the 10’s of hours a week I do keeping up on everything?
Below are few ways that you could go about it. All of the investments are something you can buy in a brokerage account like Etrade, Ameritrade, Robinhood, etc…
Grayscale Digital Large Cap Fund – Symbol GDLC – This fund is part of a family of funds run by the largest manager in the direct crypto related space. Its goal is to maintain exposure to the top 70% of assets. Before investing take a look at the premium, there has been times when buying this fund was like buying $1 of assets for $2 (100% premium). Right now the premium is much more reasonable but fluctuates a lot. Also understand that the fees are very high on these vehicles (2.5%).
Bitwise 10 Crypto Index Fund – Symbol BITW – This is another fund who’s goal is to own the top 10 ten crypto currencies. This fund like the Grayscale is expensive and carries the same premium risk mentioned above.
Coinbase Stock – Symbol COIN – Coinbase is one of the premier companies in the crypto space. It has become a gateway into the crypto ecosystem for most people who start out. Coinbase has been expanding their offerings to institutions and other areas of the market. If you want an indirect but also broad-based way of investing this might be an option.
Amplify Transformational Data Sharing ETF – Symbol BLOK – This fund seeks to invest more broadly in companies that are involved in the building of Blockchain, and who own significant crypto assets. This is another more diversified strategy to gain indirect exposure to the space.
There are other options out there and ways to go about it, nothing replaces actually using the systems but his is a good way of hedging your bets and maybe dip your toe in the water a little.