In this article, we discuss the 5 crypto ETFs to watch in 2022. If you want to read our detailed analysis of these ETFs, go directly to the 10 Crypto ETFs to Watch in 2022.
5. VanEck ETF Trust VanEck Bitcoin (BATS:XBTF)
VanEck ETF Trust VanEck Bitcoin (BATS:XBTF) is an exchange traded fund whose top investments are in the US Dollar and US Treasury Bills. Apart from investing in Bitcoin futures, the fund also invests in tangible assets like real estate and gold.
VanEck ETF Trust VanEck Bitcoin (BATS:XBTF) has an expense ratio of 0.65% and close to $10 million in net assets. The fund has traded on the marketplace for over three years now and attracted over $25 million in investments over the time.
4. Bitwise 10 Crypto Index Fund (OTC:BITW)
Bitwise 10 Crypto Index Fund (OTC:BITW) is an exchange traded fund that tracks the investment returns of the Bitwise 10 Large Cap Crypto Index, an index that tracks the performance of the ten largest cryptocurrencies.
Bitwise 10 Crypto Index Fund (OTC:BITW) has invested heavily in MicroStrategy Incorporated (NASDAQ:MSTR), a firm that provides analytics software and services.
At the end of the third quarter of 2021, 16 hedge funds in the database of Insider Monkey held stakes worth $181 million in MicroStrategy Incorporated (NASDAQ:MSTR), the same as in the previous quarter worth $91 million.
In its Q1 2021 investor letter, Alger, an asset management firm, highlighted a few stocks and MicroStrategy Incorporated (NASDAQ:MSTR) was one of them. Here is what the fund said:
“MicroStrategy Incorporated was among the top contributors to performance. MicroStrategy is a global leader in enterprise analytics software and services. MicroStrategy’s core software platform provides customers with visualization and reporting capabilities, mobility features and custom applications to help with complex business questions. Today, MicroStrategy has over 4,000 customers worldwide. In August 2020, MicroStrategy decided to make bitcoin its preferred reserve currency. To date, MicroStrategy has purchased over 90,000 bitcoins at an aggregate purchase price of $2.17 bi11 ion and an average price of over $23,985 per bitcoin. Going forward, MicroStrategy plans to use excess cash generated by its core business to purchase additional bitcoin.
Shares of MicroStrategy outperformed in the first quarter due to the appreciation of the company’s bitcoin asset, as the price of
bitcoin relative to the U.S. dollar rose materially in the quarter. This bitcoin appreciation was driven by concerns about U.S. dollar inflation as well as other public companies deciding to acquire bitcoin to diversify reserve assets. MicroStrategy is establishing itself as a thought leader in the bitcoin space, and the company hosted an event at its February user conference to help other organizations understand the benefits of bitcoin as a reserve asset. MicroStrategy’s core software business is also benefitting from its status as a leader in the bitcoin space, with the increased public attention aiding MicroStrategy’s recruitment and marketing efforts as the software business continues to transition to a cloud-based subscription model.”
3. ProShares Trust – ProShares Bitcoin Strategy ETF (NYSE:BITO)
ProShares Trust – ProShares Bitcoin Strategy ETF (NYSE:BITO) is an exchange traded fund that invests in Bitcoin future contracts. It was launched in July last year, one of many futures-based Bitcoin ETFs.
Some of the top holdings of the Invesco ProShares Trust – ProShares Bitcoin Strategy ETF (NYSE:BITO) are United States Treasury Bills, the US Dollar, and Bitcoin Futures. These represent 33%, 31% and 23% of the total holdings respectively.
2. Valkyrie ETF Trust II – Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF)
Valkyrie ETF Trust II – Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) is an exchange traded fund that invests in Chicago Mercantile Exchange Bitcoin futures through a Cayman Islands subsidiary. It has tens of millions in assets under management.
Some of the premier holdings of Valkyrie ETF Trust II – Valkyrie Bitcoin Strategy ETF (NASDAQ:BTF) are United States Treasury Bills, Mutual Funds, and the US Dollar. These represent 49%, 37%, and 9% of the total holdings of the fund respectively.
1. Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC)
Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) is an exchange traded fund that invests 80% of net assets in equity securities and the Grayscale Bitcoin Trust. 15% of the total assets of the fund are dedicated to investments in the latter.
One of the premier holdings of Simplify U.S. Equity PLUS GBTC ETF (NASDAQ:SPBC) is the iShares Core S&P 500 ETF, a fund that tracks the investment returns of large-cap companies in the United States.
You can also take a peek at 10 Reddit Stocks Hedge Funds Like and 10 Stocks That Delivered Upbeat Financial Results.
