Several companies that are cashing in on bitcoin’s rise are publicly traded, including Coinbase, a leading cryptocurrency exchange that made a splash with its direct listing in mid-April.
But shares are trading more than 30% below their 52-week high since the stock has gone up and down with the price of bitcoin.
Venuto likes Intercontinental Exchange, the parent of the New York Stock Exchange, because it is also the majority owner of Bakkt, a crypto futures trading platform.
And Venuto’s fund also invests in digital payment giants Square and PayPal, which now allow users to trade bitcoin.