Top ETFs are gaining popularity among investors eyeing the best crypto ETFs. October’s market volatility offers chances to boost gains in the cryptocurrency sector.
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Navigate Market Volatility with October’s Best Crypto ETFs
1. iShares Bitcoin Trust (IBIT)
The iShares Bitcoin Trust ETF (NASDAQ:IBIT) is a top pick for investors. At $36.06 per share, IBIT offers an affordable way to invest in Bitcoin. It removes the need for direct ownership. IBIT trades on stock exchanges, making Bitcoin investment more accessible.
IBIT’s value moves with Bitcoin’s price. Many experts expect price increases due to the upcoming halving event. This ETF lets investors easily take part in Bitcoin’s market changes.
2. Grayscale Ethereum Trust (ETHE)
The Grayscale Ethereum Trust (NYSEARCA:ETHE) is a good option for diversifying beyond Bitcoin. It invests in Ethereum, the largest decentralized finance ecosystem, indirectly tapping into the wider blockchain app market.
ETHE has seen ups and downs in cash flows. On September 26, it lost $80.6 million due to profit-taking after Ether’s price jumped 20%. Despite short-term changes, ETHE remains attractive for those who believe in decentralized finance.
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3. ProShares Bitcoin Strategy ETF (BITO)
The ProShares Bitcoin ETF (NYSEARCA:BITO) offers a unique approach. It aims to increase both Bitcoin exposure and income. Unlike other Bitcoin ETFs, BITO invests in Bitcoin futures and swaps.
BITO uses Treasury bills to support its investments. It uses dividends to cover the sharing of profits with investors. On September 10, 2024, it paid about $1.21 per share. Not much, right? It can add up in time! We recommend that you remember that these payments may vary and are not certain.
BITO recently added new options for September 2025. These offer higher potential premiums than shorter-term options, giving investors more ways to use the ETF.
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These top ETFs offer different ways to invest in crypto this October. IBIT provides direct Bitcoin exposure. ETHE focuses on the Ethereum ecosystem. BITO combines Bitcoin futures with potential income. As the crypto market grows, these ETFs help investors navigate its ups and downs.