Stocks of Bitcoin: JPMorgan offers BTC exposure, an ETF in sheep’s clothing
JP Morgan bunched proxy crypto stocks to give skeptical investors exposure to the crypto economy. Cryptocurrency adoption has been penetrating the mainstream at an exponential rate. While most investors are going straight into buying the likes of Bitcoin (BTC) and Ether (ETH), a few skeptical investors want to invest in the cryptocurrency economy without exposure to tokens’ volatility directly. This volatility is evident in the recent all-time high Bitcoin of around $61,700 reached on March 14, before dropping to trading in the $56,000 range and then rising to around $59,000 at the time of....
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The chief global strategist of JPMorgan Asset Management has advised investors to focus on valuations, invest in value stocks, sell crypto, and steer clear of bitcoin. “The Federal Reserve is overestimating the strength of the U.S. economy as it feels guilty about the fact that inflation went up under their watch,” he said.
JPMorgan Strategist’s Recommendations
JPMorgan Asset Management’s chief global strategist, David Kelly, has some advice about what investors who are worried about a hawkish Federal Reserve should invest in.
Following the....
Investment bank Goldman Sachs has compiled a list of 19 large-cap stocks with cryptocurrency exposure that have massively outperformed the S&P 500. “On average, these stocks have dramatically outperformed the S&P 500 during the last several months alongside the surge in the price of bitcoin,” the firm wrote. 19 Stocks With Crypto Exposure That Outperformed S&P500 Goldman Sachs released a research note last week listing 19 large-cap U.S. stocks with blockchain and cryptocurrency exposure that outperformed the S&P 500. Ben Snider, the bank’s strategist and managing....
JPMorgan now offers access to six different crypto funds from GrayScale, Osprey Funds and NYDIG. JPMorgan Chase quietly opened up access to six crypto funds over the past three weeks as it looks to offer crypto exposure to a variety of clients. In the latest move, the bank’s private clients will now have access to a new Bitcoin fund created by crypto investment firm New York Digital Investment Group (NYDIG). NYDIG is owned by Stone Ridge Asset Management and the “Stone Ridge Bitcoin Strategy Fund” offers exposure to Bitcoin via futures markets. The NYDIG fund is in addition to five crypto....
Buying bitcoin and other major cryptocurrencies in 2020 has proven to be a winning strategy. But crypto investors looking to diversify their digital currency exposure should consider including stocks that offer exposure to specific companies with ties to cryptocurrencies. Penny stocks with small exposure to cryptocurrencies like Overstock.com (NASDAQ: OSTK) soared during the recent crypto boom. Investors hoping to find the next hidden gem have several penny stocks to watch. Canaan and Ebang International Holdings […]
The financial services giant has filed paperwork with the SEC to launch a debt instrument linked to 11 crypto-focused firms. JPMorgan Chase has designed a new debt instrument that provides investors direct exposure to a basket of crypto-focused companies, according to a new filing with the United States Securities and Exchange Commission, or SEC.JPMorgan’s Cryptocurrency Exposure Basket (Mar 2021) is described as an “unequally weighted basket consisting of 11 Reference Stocks of U.S.-listed companies" that operate businesses directly and indirectly related to cryptocurrencies.The....