Trade Crypto Without Actually Trading Crypto: Here's How

OTC stock traders can capitalize on crypto with BITW positions

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When it comes to cryptocurrencies and the cryptomarket, nearly everyone has made the same mistake in thinking that they have to invest in cryptocurrencies themselves in order to benefit from the rise in popularity and the increases prices. This way of thinking limits your money making ability. While it may be entirely possible to make money by strictly investing those digital currencies, there are many other ways to invest using the U.S. stock market and turn a profit in the cryptocurrency arena.

One way to do this is to invest in a cryptocurrency-focused exchange traded fund (ETF). An ETF is a type of security that tracks an index, sector, commodity as well as many associated assets. An ETF can be structured to track anything from the price of an individual commodity to a large and diverse collection of securities. One example of an ETF is the SPDR S&P 500 ETF, which tracks the S&P 500 index. The S&P contains 500 of the largest companies listed on stock exchanges in the United States, and is one of the most followed equity indices, with a market cap of $33.4 trillion.

Now, for cryptocurrencies, there is one very popular and weighted cryptocurrency ETF known as the Bitwise 10 Crypto Index (OTC:BITW), which contains many of the most popular cryptocurrencies worldwide. BITW boasts that the fund is holdings of bitcoin, ethereum, bitcoin cash, litecoin, chainlink, stellar, uniswap, eos, aave and filecoin. Bitwise's methodology is fairly simple. BITW follows very clear and simple rules-based processes to make the ETF both investable and replicable. Bitwise's methodologies take into account crypto-native factors surrounding liquidity, security, regulatory status, market representation, network distributions and much more to ensure that that Bitwise 10 Crypto Index completely captures the investable cryptocurrency asset market opportunity.

Instead of trying to come up with the capital to invest in multiple cryptocurrencies, which could end up costing you thousands of dollars, why not invest and take advantage of companies that have done just that, except you are investing in ETFs rather than directly in the cryptocurrencies themselves? There are many benefits to investing in cryptocurrency ETFs, one of which includes the diversification of your trading portfolio. Investing in cryptocurrencies directly can quite often be extremely expensive, especially if you are investing in the likes of bitcoin, Unless you have the capital to buy one whole bitcoin, it just isn’t worth the investment. Investing in one cryptocurrency ETF like Bitwise can provide you with exposure to a core group of cryptocurrencies. The cryptocurrency ETF, Bitwise, can also track a broader range of digital currencies instead of specifying a single cryptocurrency in which to invest directly.

There is also the fact that ETFs themselves carry lower fees, since ETFs are passively managed and have much lower expense ratios compared to actively managed funds. Bitwise is one of the most popular cryptocurrency ETFs on the market as BITW is constantly investing in the world’s leading cryptocurrency assets. Bitwise is also generating the most profit by professionally choosing assets with the most upside potential for investors.

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