Here’s how to buy bitcoin without all the risk of buying bitcoin
Bitcoin is up more than 600% over the past 12 months — a stellar ride — yet owning the asset is fraught with risks including wild swings in cryptocurrency prices. But there are several ways for investors to get a piece of the bitcoin boom without investing directly in bitcoin.
Several companies that are cashing in on bitcoin’s rise are publicly traded, including Coinbase, a leading cryptocurrency exchange that made a splash with its direct listing in mid-April. Others include Galaxy Digital, the cryptocurrency investing firm run by bitcoin bull Mike Novogratz, a top bitcoin bank called Silvergate and bitcoin mining firm Riot Blockchain. Investors who want exposure to bitcoin can also buy the popular Grayscale Bitcoin Trust.