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Ethereum is the second-largest cryptocurrency in the market, after Bitcoin, according to its market capitalization. It is a decentralized, open-source technology that powers much of the crypto world. Starting from decentralized applications, non-fungible tokens, enterprise blockchain solutions, to smart contracts, the Ethereum network is producing all sorts of revolutionary transformations that were never imagined before in the crypto market. If you want entirely experience the growing popularity of Ethereum, then interested profit-makers and investors can start investing in Ethereum stocks. Even though the most direct option is buying Ethereum itself, a less volatile option to reaping the profits would be investing in its stocks. In this article, we have listed the top Ethereum stocks that investors can buy and hold to experience profits in the future.
The Grayscale Ethereum Trust is a managed fund that makes it easy to add Ethereum to one's brokerage account. Each share is backed by a fixed amount of Ether tokens, but keep in mind that the fund's share price is often lower than the value of Ethereum at the prevailing conversion rate. Grayscale also charges a somewhat expensive annual management fee of 2.5%. Since the shareholders cannot exchange shares for ETH, there will be no price arbitrage opportunity.
Coinbase is one of the largest cryptocurrency exchanges, located in the US. The company charges transaction fees to buyers and sellers of a wide range of cryptocurrencies, including Ethereum. In addition to ETH, many of the other cryptocurrencies traded on Coinbase use the Ethereum blockchain. Coinbase has witnessed a staggering growth in recent years, making it one of the most profitable Ethereum stocks to invest in.
Robinhood Markets is known to be the best discount broker that ushered in the age of commission-free trading. That is not the only way it has been ahead of the game. In 2018, it began offering crypto trading of Bitcoin and Ethereum. The platform has since expanded its selection to include a few other cryptocurrencies, including Litecoin and Bitcoin Cash. Even though Robinhood is not clearly in the crypto game, it gives a successful exposure to Ethereum.
Hive Blockchain Technologies is one of the top Ethereum stocks that investors' can choose. The HIVE stocks have grown 2000% in 2021. One of the many reasons why the stock has performed so well is because it's a miner. And these stocks, just like gold stocks mining physical assets, are leveraged to the assets they mine. HIVE is also one of the top Canadian stocks that showcases bullish rallies on Ethereum's potential.
The Ether Fund is a good option for investment for those who are looking to invest indirectly in Ethereum. In 2020, the price of Ether alone grew roughly by 475%, which is quite an incredible amount. Investing in this stock would provide a lower-risk option of buying ETH directly.
Accenture is a tech giant that provides consulting and processing services. The company markets Ethereum-based blockchain solutions to businesses to make it easier to process payments. The firm has also invested in the Digital Dollar Project in partnership with the Digital Dollar Foundation to advance the exploration of Central Bank Digital Currency (CBDC) in the United States.
Bitwise is the world's largest crypto index fund manager. It offers managed funds for multiple types of cryptocurrency, and one such example is Bitwise Ethereum Fund. This fund is available to accredited investors and has a minimum investment of US$25,000. The fund's managers seek to minimize transaction costs, and they hold the fund's Ethereum offline in cold crypto storage. The annual management fee for this stock is 1.5%.
Cisco Systems is another tech giant that produces and sells hardware, software, and telecom equipment. Cisco was one of the first ctech companies to jump upon the crypto bandwagon, joining the Enterprise Ethereum Alliance back in 2017. The project connected enterprises, startups, and academics with Ethereum subject matter experts. In 2019, the company released a report based on blockchain that discussed the widespread adoption of crypto on a global scale.
The Staked ETH Trust is the first traditional investment vehicle that allows shareholders to get Ethereum exposure and receive staking rewards. The fund is open by private placement to accredited investors. It has a minimum investment amount of US$25,000 and an expense ratio of 1%.
CME Group is the world's largest futures and options exchange, offering derivative securities for stocks, indexes, foreign exchange, and more. It is also one of the top exchanges that create a market for cryptocurrency futures contracts. CME Group witnesses a massive revenue surge since the company gets a small fee for every transaction made on its exchanges, besides, a hike in crypto interests and the potential for further price surges in digital currencies also helped accelerate the stock's value.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
