Top Cryptocurrency Stocks to Watch in 2022 (List)


Crypto stocks are a new type of investment that has been gaining popularity in recent years. They’re also known as cryptocurrency-related stocks, and they can be traded on the stock market just like any other company.

If you want to start investing in cryptocurrency but do so in a way that is more familiar to you, cryptocurrency stocks may be appealing. Crypto stocks are a fairly new type of investment and have been gaining in popularity in recent years. Take a closer look at some of the top crypto stocks to buy, or at least to watch.

10 Popular Cryptocurrency Stocks to Consider

Crypto stocks function like normal stocks. The only difference is that they are from companies related to the cryptocurrency industry. As such, they let you invest in cryptocurrency by investing in the major players in the industry. There’s no need to own crypto. At the same time, you get to take advantage of the fact that many cryptocurrency stocks are for companies that do more than just crypto-related business. This helps reduce some of the volatility associated with crypto.

Take a look at some of the most popular crypto stocks to buy. Remember to always do your own research before investing in any stock, including crypto stocks. For example, you may want to research which cryptos pay dividends.

Coinbase Global Inc. (COIN)

Coinbase is easily among the largest cryptocurrency exchanges within the United States and around the world. It was the first crypto trading platform that was pure-play to go public on the Wall Street market when it did so in April 2021. As Coinbase makes money from people trading crypto, increased crypto activity should be good for the company’s profits. Compared to other exchanges, Coinbase makes itself an appealing investment with some innovations, such as offering asset loans to the average person. The platform’s blockchain analytics are also increasingly being adopted by financial institutions and governments, showing its strong potential future.

MicroStrategy Inc. (MSTR)

MicroStrategy is a company with analytics software. Its connection to crypto comes from its incredibly large reserve of Bitcoin. According to MicroStrategy, it owned over $5.2 billion of Bitcoin as of Feb. 14, 2022. For reference, this was close to the total market capitalization of the company at the time.

nvidia

NVIDIA Corp. (NVDA)

NVIDIA is primarily known for creating some of the most popular graphics cards in the world of computer gaming. But those graphics cards are now commonly used to mine cryptocurrency. The graphics cards are a crucial part of this mining process, which involves solving complex math problems. The idea is that as long as crypto mining continues, NVIDIA’s graphics cards will be in demand. Both AMD and NVIDIA have seen massive price increases in their stocks associated with mining, especially in 2018. NVIDIA is fully embracing this, having launched a line of chips for crypto mining early on in 2021.

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Marathon Digital Holdings Inc. (MARA)

Marathon is known for mining Bitcoin. This is one of the many major companies that mine the cryptocurrency, but one of the few that is available via a stock. Marathon has a sizable investment in Bitcoin. According to Marathon, it owned $387 million of Bitcoin as of December 2021.

Block Inc. (SQ)

You have likely heard of Block by its previous name, Square. This is one of the best-known payment processing and financial services companies in the industry. It has multiple connections to cryptocurrency and the blockchain. For example, Block owns Cash App, which lets users invest in Bitcoin as well as stocks. The ability to trade Bitcoin has been around since late 2017, and this was a major revenue generated in 2020 and 2021. Block is also making it easier for businesses to accept crypto. Some experts believe it has the potential to become the top platform for using crypto to pay for goods and services. And since April 2022, Cash App even supports the Bitcoin Lightning network. According to Block, it had $317 million of Bitcoin in December 2021.

Silvergate Capital Corp. (SI)

This is a banking and financial service company that has significant work within the world of cryptocurrency. One of the most popular crypto offerings is its payment network. Crypto miners, crypto exchanges, private equity firms, and other institutional investors all use this payment network.

Riot Blockchain Inc. (RIOT)

With the word “blockchain” in the name, it should be no surprise that Riot Blockchain is a crypto stock. This is a Bitcoin mining company, and it owns the biggest mining facility in North America, located in Rockdale, Texas. According to the company, it had $233 million of Bitcoin (4,884 coins) in December 2021.

AMD Graphics IP

Advanced Micro Devices Inc. (AMD)

Like NVIDIA, AMD is another company connected to the cryptocurrency space via computing equipment. AMD creates GPUs (gaming processing units) that are regularly used in crypto mining. The demand for crypto and, therefore, mining has already increased the demand for AMD GPUs significantly. AMD is also working on expanding its chip tech for mining, acquiring Xilinx in February 2022.

PayPal Holdings Inc. (PYPL)

You are likely familiar with PayPal but may not have realized that this is a crypto stock. In recent years, PayPal added cryptocurrency support, both for payments and investing tools. These are now found in both PayPal and Venmo, both of which are owned by PayPal. Venmo has offered crypto trading since early 2021. Given the popularity of Venmo for fiat money movement, this can potentially mean great things for the future of the app.

CME Group Inc. (CME)

This financial services company offers derivatives exchanges and clearinghouse services. Notably, it is the largest financial derivatives exchange in the world. That derivatives exchange lets investors bet on future asset prices. These include services for Bitcoin, Ethereum, and other cryptocurrencies. As a bonus, this stock pays dividends. CME has also been a leader in Bitcoin, becoming the first Bitcoin futures market in 2017. Early in 2020, it added markets for options on those Bitcoin futures. By March 2022, it added Ethereum futures as well. Since then, it has also added other micro futures for both Bitcoin and Ethereum. These let investors invest in smaller quantities of those cryptos.

5 Best Cryptocurrency ETFs to Buy

If you don’t want to invest in a crypto stock, a cryptocurrency ETF is another option. As a refresher, ETFs are exchange-traded funds. These are publicly traded funds that track the performance of an underlying asset or index. Cryptocurrency ETFs will follow the overall value movements of the underlying asset. You can trade ETF shares very similarly to how you would with crypto stocks, but they tend to be more diversified than a single stock. There are several crypto ETFs available, including the following.

ProShares Bitcoin Strategy ETF (BITO)

ProShares Bitcoin Strategy ETF made a name for itself as the first Bitcoin future ETF in the United States. It invests in front-month, cash-settled futures contracts, which have the shortest time to maturity. Those futures are derivatives betting on the expected future price of Bitcoin. This means that the ETF won’t track the Bitcoin price 100% accurately, but it still does incredibly well at doing so. As is common for future-based ETFs, ProShares Bitcoin Strategy ETF has collateral for futures contracts, such as treasury bills. This ETF has an expense ratio of 0.95%, with $1.3 billion assets under its management.

Learn more: Bitcoin ETF

Valkyrie Bitcoin Strategy ETF (BTF)

This crypto ETF has also been around for a long time, launching just days after ProShares. Valkyrie already had Bitcoin trusts as well as trusts for other cryptos before launching this ETF. It relies on short-maturity funds. This ETF has an expense ratio of 0.95%, with $47.9 billion assets under its management. Valkyrie has since expanded its crypto offerings with the Valkyrie On-Chain DeFi fund, which invests in various protocols, including Ethereum, Binance Smart Chain, Avalanche, Solana, Magic, Fantom, and more.

Invesco Bitcoin Strategy ETF (No Longer Available)

While you may hear mentions of the Invesco Bitcoin Strategy ETF, it no longer exists. The company dropped its filing for the ETF close to the end of 2021. This decision was because the company didn’t feel it could provide exposure to the right combination of future swaps as well as spot Bitcoin.

Fidelity Bitcoin ETF (FBTC)

Fidelity Bitcoin ETF calls itself an ETF fund that is more like a mutual fund variation. The company says it invests all of its assets under ownership into the ETF, showing its commitment to the ETF.

Bitwise 10 Crypto Index Fund (BITW)

Bitwise 10 Crypto Index Fund has been around since 2017. As the name implies, it tracks the top 10 cryptocurrencies, following their performance. To show the importance of those top 10 cryptos, consider that they account for around 70% of the crypto market as a whole. This ETF has a 2.50% expense ratio along with $810 million assets under management.

Conclusion

Those interested in taking advantage of price movements of cryptocurrency without actually owning crypto may want to consider crypto stocks or ETFs. Both are good options as long as you do your research before investing. There are also other methods of earning crypto, from trading crypto to crypto savings accounts to crypto loans.

Haru Invest offers stress-free cryptocurrency investments. Learn more from our homepage.

Disclaimer

All investment strategies and investments involve risk of loss. Nothing contained in this website should be construed as investment advice. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.
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