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You can already invest in hundreds of ETFs with exposure to Bitcoin

You can already invest in hundreds of ETFs with exposure to Bitcoin

You can already invest in hundreds of ETFs with exposure to Bitcoin

Many U.S. exchange-traded funds, or ETFs, are loaded with shares of the world’s largest cryptocurrency companies.

According to ETF.com, hundreds of funds have invested in publicly traded companies that have BTC on their balance sheets. At the time of writing, 88 ETFs own shares of MicroStrategy, 144 ETFs own shares of Square, and 222 ETFs own shares of Tesla. Sixteen ETFs have direct exposure to bitcoin mining stocks.

Nearly 200 ETFs own shares of BlackRock, which recently made a $360,457 profit after starting to invest a bit in crypto.

High-quality ETFs exposed to cryptocurrencies

Nine funds have exposure to both mining shares in cryptocurrencies and companies with BTC on their balance sheets.

As a percentage of the total portfolio, the Enhancing Data Exchange Transformation ETF (BLOK) has the most exposure to cryptocurrencies. Seven of the top 10 blockchain distributions are at leading cryptocurrency companies, including Galaxy Digital, Marathon Digital, Voyager Digital, Hut 8 Mining, Hive Blockchain, Riot Blockchain and Argo Blockchain. These shares represent one third of BLOC’s capital.

The fund describes its investments as focused on transformative data sharing technologies.

BLOCK is currently one of the best performing ETFs of 2021, up 71.7% year-to-date. So far in 2021, it has posted the seventh-highest return of any ETF – and ranks second if you exclude leveraged and inverse products. Among ETFs, BLOK is the largest seller of MicroStrategy and Marathon.

The Nasdaq NexGen Economy ETF (BLCN) is the only other cryptocurrency-related ETF to rank in the top 100 YTD, excluding inverse and leveraged funds, coming in at #82 with a YTD gain of 23.15%.

BLCN currently owns $5.63 million in Marathon, $5.4 million in Microstrategy and $5.24 million in Square.

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Principal holders by total assets

Measured by total assets, the Vanguard Total Stock Market ETF (VTI) is the ETF with the largest distributions for companies with exposure to cryptocurrencies. ITV currently stands at $2.77 billion. Tesla, $478 million. Square, $29.4 million. VTI also owns Blackwater, valued at $516 million.

The iShares Core S&P Total U.S. Stock Market ETF (ITOT) is the second largest fund in terms of total exposure to cryptocurrencies, with $450 million in Tesla, $4.4 million in Microstrategy, $3.86 million in Marathon and $3.12 million in Boone.

The US Securities and Exchange Commission has yet to rule on seven bitcoin ETF applications, including those from Fidelity Investments, Skybridge Capital, WisdomTree, Morgan Stanley and NYDIG, VanEck and Valkyrie Digital Assets.

The bitcoin-focused ETF began trading on the Toronto Stock Exchange in mid-February and has collected about $1 billion in BTC since its inception. Canada’s Ninepoint Partners and CI have also announced plans to convert their bitcoin funds into ETFs.

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