Mark Cuban says crypto is “going through the cracks” of the early Internet

Mark Cuban says crypto is

Mark Cuban says crypto is ‘going through the peace’ that the Internet first saw – here are 3 easy ways to bet on a big bounce

In recent months, many new crypto investors have learned a difficult lesson: prices do not always rise.

For example, Bitcoin – the world’s largest cryptocurrency – is down 37% year-over-year and down 57% from its all-time high of $ 68,990 in November 2021.

While sentiment is far from strong these days, recent remarks by billionaire investor Mark Cuban could encourage crypto enthusiasts.

In a tweet, Shark Tank star and owner of the Dallas Mavericks wrote, “Crypto is going through the stagnation that the Internet has gone through.”

“After the early rise of exciting apps, NFTs, DeFi, P2E, we saw the phase of imitation because chains subsidized the movement of those apps to their chains (Ala bandwidth and storage subsidies by startups in the 2000s).”

Not all companies are the same. In the crypto arena, Cuban expects winning players who “use smart contracts to improve business productivity and profitability.”

If you don’t want to pick individual winners and losers in Crypto World, you can still get space exposure through ETFs.

Here’s a look at three of them.

Sign up for our Moneywise newsletter to get an uninterrupted stream of actionable ideas from the top companies on Wall Street.

Global X Blockchain ETF (BKCH)

Blockchain is more than just bitcoin. To get exposure to the leading players in the segment, consider the Global X Blockchain ETF.

Funds are invested in businesses that are committed to the growing adoption of blockchain technology. These include crypto minor, digital asset transaction technologist and blockchain application developer.

Global X Blockchain ETF currently has 26 stocks in its portfolio, of which the top five are Marathon Digital Holdings (11.0%), Riot Blockchain (10.9%), Coinbase Global (9.4%), Galaxy Digital Holdings and (1%). 8.1%) 6.5%).

ETF’s expense ratio is 0.5%.

First Trust Indxx Innovative Transaction and Process ETF (LEGR)

The goal of First Trust Indxx Innovative Transactions and Process ETF is to replicate the performance of the Indxx blockchain index. The index is made up of companies that are either actively using, investing or developing products that benefit from blockchain technology.

ETF holds 103 stocks, making it one of the more versatile funds in the space.

Although most blockchain ETFs focus on the United States, LEGR gives investors access around the world. In fact, it represents only 34.9% of the US fund’s geographical exposure.

LEGR has geographical exposure with China (11.5%), Germany (8.5%), India (7.4%), France (5.4%), United Kingdom (5.0%) and Switzerland (3.0%).

Expenditure ratio of LEGR is 0.65%.

Bitwise 10 Crypto Index Fund (BITW)

If you want to invest in big cryptocurrencies, Bitwise 10 Crypto Index Fund is worth a look.

Funds track an index consisting of the 10 largest crypto assets weighed by market capitalization. Since cryptocurrencies are often highly volatile, the index is balanced every month to stay up to date with rapidly changing market prices.

The five largest holdings of the fund are Bitcoin (63.7%), Etherium (27.9%), Cardano (2.0%), Solana (2.0%) and Polcadot (1.4%).

BITW has a relatively high cost ratio of 2.5%.

Sign up for our Moneywise newsletter to get an uninterrupted stream of actionable ideas from the top companies on Wall Street.

More from MoneyWise

This article provides information only and should not be construed as advice. It is provided without any warranty.

Leave a Reply

Your email address will not be published.