Looking At the New Bitcoin ETFs? This Stock Could Benefit Big Time
The new year has gotten off to a hot start. Stocks are rallying, and the S 500 recently hit a record high. Moreover, the crypto industry had its own milestone moment as the Securities and Exchange Commission (SEC) approved several spot Bitcoin exchange-traded funds (ETFs).
These new investment products are offered by financial institutions such as Ark Invest, , and many others. The overarching idea is that these funds are designed to track the price of Bitcoin without requiring investors to purchase the actual coin.
The approval of the spot Bitcoin ETFs has caused a bit of a renewed interest in Bitcoin and crypto in general. While there are many different ways to invest in the industry, one stock in particular comes to mind.
Source Fool.com
Blackrock Inc. Stock
€709.50
0.840%
With 11 Buy predictions and not the single Sell prediction the community is currently very high on Blackrock Inc..
As a result the target price of 773 € shows a slightly positive potential of 8.95% compared to the current price of 709.5 € for Blackrock Inc..
