This hotly anticipated listing will allow some investors to add exposure to this exciting new industry for the first time.
Last year, Wealthfront added crypto trading to its platform, allowing its users to trade digital assets directly.
Since then, it has been followed by Evolve Bitcoin ETF and the CI Galaxy Bitcoin ETF.
Essentially, the company owns and operates server farms that solve complex mathematical problems to win newly minted BTC.
HIVE Blockchain , for instance, has seen a 2,347% rise in its stock value over the past year.
Mining companies are also much more diversified than the ETFs mentioned above.
Essentially, crypto mining stocks serve as a proxy for the entire digital assets industry.
This week’s Coinbase IPO is likely to be one of the biggest tech listings of 2021.
The online investing service they’ve run since 2013, Motley Fool Stock Advisor Canada, has beaten the stock market by over 3X.
This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor.
I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls.