The crypto space has yet another major milestone to celebrate as the price of Bitcoin (BTC) exceeded $100,000 this week. Spurred by more crypto-friendly news out of the coming administraiton — this time the appointment of a crypto-friendly leader for the Securities and Exchange Commission (SEC) — the milestone arrives as the latest sign of a potential crypto spring ahead. For investors compelled by crypto, then, it may be worth looking to crypto ETFs.
See more: Crypto ETFs: Tailwinds Build Toward 2025
Crypto ETFs include, but are not limited to, the spot bitcoin funds that arrived this year. The space is growing consistently, with ETFs arriving equipped with new and appealing strategies. One could, for example, combine a crypto mining fund with a spot bitcoin ETF to play the broader good news trending in the space. The more crypto cautious, however, could just start with a mining fund before getting more direct exposure to a given cryptocurrency.
Crypto ETFs to Watch
One could, theoretically, pair the Coinshares Valkyrie Bitcoin Fund (BRRR ) with the CoinShares Valkyrie Bitcoin Miners ETF (WGMI ), for example. WGMI offers an active approach to the crypto ecosystem by investing in firms deriving at least 50% of revenue from bitcoin mining and related services. WGMI does so for a 75 basis points (bps) fee, on track to hit its important three-year ETF milestone in February.
BRRR, meanwhile, charges just 25 bps to track the CME CF Benchmarks Bitcoin Reference Rate index. The strategy tracks the price performance of spot bitcoin via a cold storage wallet, in which private keys sit safely offline.
Together, the crypto ETFs provide options to either layer or get individual exposure to the key cryptocurrency. As rates drop and tech continues to push forward, crypto’s status at the frontier of technology could make it an appealing add in the new year.
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