![]() ![]() Bitcoin mutual funds: Though bitcoin ETFs are still under SEC speculation, two bitcoin mutual funds have launched: The Bitcoin Strategy ProFund (BTCFX) and the Cboe Vest Bitcoin Strategy Managed Volatility Fund (BTCVX).These vehicles essentially give retail investors crypto access through the stock market. Bitcoin trusts: You can buy shares of bitcoin trusts with a regular brokerage account.In addition, you can throw your hat in the crypto ring by utilizing the following vehicles: In the past year, payment services like PayPal, Cash App, and Venmo all expanded their accepted payment options, allowing you to buy, sell, or hold cryptocurrencies like bitcoin. You'll also have multiple other options to choose from when it comes to buying crypto. Brokerages also offer accounts like IRAs, 529 college savings plans, and trusts. Online brokerages are investment platforms that let you buy assets like stocks, bonds, ETFs, options, and mutual funds. These assets utilize blockchain technology to ensure that transactions between each party are secure.Īs mentioned above, more online brokerages are offering cryptocurrencies. Unlike physical fiat currencies (e.g., the US Dollar), cryptocurrencies are decentralized, virtual currencies that are typically used to purchase goods or services. ![]() It is a digital token that can be transferred from one party to another, but not duplicated," explains Charles Allen, chief executive officer of BTCS, Inc. If you're thinking about adding cryptocurrencies like bitcoin, ether, or dogecoin to your investment portfolio, you have several options for doing so. Until the dust settles, proceed with extreme caution it may be wiser to park your funds in a high-yield savings account until the crypto market stabilizes.Ĭryptocurrencies are digital assets that trade on a 24/7 global market. Note: The prominent crypto exchange FTX recently filed for bankruptcy, setting off a chain reaction impacting other exchanges and leading various cryptocurrency values to plummet. ![]()
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