Amid the volatility in the crypto market in past couple of weeks, traders are in dilemma over investment in the digital coin sector. However, traders looking for a safe path to make a bet on the future of cryptocurrency.
Meanwhile, the Securities and Exchange Commission is mulling to whether to approve exchange-traded funds that track Bitcoin, as several crypto-related firms have gone public. They are even buying a plenty of Bitcoins, leading to which their shares are affected by movements in the cryptocurrency’s price.
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Let us look at alternatives from where one can buy Bitcoins:
Trough traditional stocks in a Bitcoin-related firm:
Exchange Traded Funds (ETFs):
With interest of investors growing in cryptocurrencies, Grayscale Investments LLC had recently said that it is mulling to turn its trust into an ETF as soon, following the regulators allow it. However, Securities and Exchange Commission is yet to approve the structure.
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