Are Crypto-Tracking Stocks Viable Alternatives to a Bitcoin ETF?

Are Crypto-Tracking Stocks Viable Alternatives to a Bitcoin ETF?

As the world continues to wait for the US SEC’s decision on the Bitcoin ETF applications that are still being processed months after a decision was expected, some investors may find themselves seeking alternative methods of entering into the Bitcoin market without actually having to do the dirty deed of investing in Bitcoin itself.

After all, there are still a number of risks associated with holding Bitcoin. There’s the issue of ‘tainted’ coins–coins that may have been used in illicit transactions, and therefore may still carry a numerical associated with those transactions. There’s also the issue of custody–securely storing coins can be a risky business, and hiring an external custody service can be costly.

On the other hand, time is money. As long as investing in a Bitcoin ETF isn’t an immediate possibility, investors are coming up with increasingly creative ways to profit off of BTC and other crypto assets. Crypto lending services have recently reported record profits; crypto futures exchanges are also reporting higher-than-ever trading volumes.