Investing in cryptocurrency seems profitable and replete with fast profits. After all, during the past six months, bitcoin (BTC-USD) bottomed out in mid-March near $5,000, only to rebound to over $9,400 this week. That’s nearly a 100% profit in three months. Yet, in mid-March the crypto markets were scared due to the novel coronavirus pandemic and the closing of U.S. and global economies. Bitcoin was priced so low because investors feared for the health of the economy and its people. Identifying the market bottom is difficult, if not impossible. That recent March low followed a mid-February price peak of over $10,000. Not only is it difficult to pick an investing valley but doing so requires solid confidence during times of uncertainty.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Unlike investing in stocks and bonds, which are regulated by the U.S. government, investing in cryptocurrency is nebulous. There are thousands of distinct cryptocurrencies, while bitcoin and ethereum are the most recognizable. What is Cryptocurrency? It is a digital currency that is tracked on a ledger. It is decentralized and encrypted. Cryptocurrency is based on blockchain technology, which is a chain of digital information that isn’t controlled by a centralized institution. Blockchain and cryptocurrency are not a part of any centralized banking system. Although investing is one use of cryptocurrency, there are other reasons to buy the asset: You can own and use it anonymously. You can use it to buy goods and services. Crypto payments may avoids fees and transaction costs. Crypto transactions are fast. Cryptocurrency investing is speculative. Prices are extremely volatile, and the risks are distinct from investing in conventional assets. For example, the currency is typically stored in a digital wallet — and that means it may be stolen by savvy hackers. 7 of the Best Penny Stocks to Buy Now If you’re interested in investing in cryptocurrency, here are three of the best ways to invest. Ways to Invest in Cryptocurrency: Robinhood App Source: OpturaDesign / Shutterstock.com At present, Robinhood is the only broad investment app that offer users the opportunity to invest in cryptocurrency. Most states, although not all, allow commission-free investing in crypto with the Robinhood app. This lets users buy and sell: Bitcoin (BTC) Bitcoin Cash (BCH) Bitcoin SV (BSV) Dogecoin (DOGE) Ethereum (ETH) Ethereum Classic (ETC) Litecoin (LTC) Robinhood is appropriate for investing in specific crypto assets, but not for using the digital currency to buy goods and services. Other crypto investing platforms do offer apps, including Binance, Coinbase, KuCoin and Changelly. But, unlike Robinhood, these apps trade crypto only, not other types of investments. Coinbase Source: Shutterstock Arguably, the most popular bitcoin exchange is a full-service cryptocurrency firm. Before investing in crypto, there are a few preliminary steps to take. First, since bitcoins aren’t physical assets, you need to secure a digital wallet. Coinbase offers a digital wallet, and the crypto secured on their servers is protected by their insurance policy. Their process is simple — create an account, link your bank account, and begin buying and selling. Coinbase has a large base of available crypto assets for trading, as well as a library of education resources. As with any investment, investigate the fees before selecting a crypto exchange. Coinbase has been charged with having higher fees than some competitors. 10 Stocks to Watch in the Second Half Other competing and popular digital investment platforms include Kraken, Coinbase, Cash App and Binance. Blockchain ETFs Source: Shutterstock Exchange-traded funds have made investing in a variety of assets as easy as buying and selling a stock online. To answer the need for more seamless crypto ETFs are filing with the SEC. The Securities and Exchange Commission is moving slowly with this new asset class. Unfortunately, at present only institutions and enormous investors can participate in the following cryptocurrency funds. Launched in September the VanEck SolidX Bitcoin Trust is currently available only to institutional buyers like a bank or hedge fund. Coinbase offers an index fund with exposure to four of the largest digital currency. The Coinbase Index Fund is also available only to large investors with a minimum of $250,000. In the meantime, smaller investors can purchase blockchain ETFs. These funds invest in companies involved in developing and using blockchain technology. They also track the performance of Bitcoin or other cryptocurrencies through futures contracts or by owning the underlying currencies. The three largest blockchain ETFs are: Amplify Transformation Data Sharing ETF (NYSEARCA:BLOK) Reality Shares Nasdaq NexGen Economy ETF (NASDAQ:BLCN) First Trust Index Innovative Transaction & Process ETF (NASDAQ:LEGR) The ETFs are volatile, like their underlying assets. Like any other investments, do your homework before investing. Understand what you are investing in as well as the risks and returns. With speculative investing, it is wise to invest only a small portion of your net worth. That way, should the crypto investment disappoint, you’ll have other assets to offset the loss. Barbara A. Friedberg, MBA, MS is a veteran portfolio manager, expert investor, and former university finance instructor. She is editor/author of Personal Finance; An Encyclopedia of Modern Money Management and two additional money books. She is CEO of Robo-Advisor Pros.com, a robo-advisor review and information website. Additionally, Friedberg is publisher of the well-regarded investment website Barbara Friedberg Personal Finance.com. Follow her on twitter @barbfriedberg and @roboadvisorpros. As of this writing, she did not hold a position in any of the aforementioned securities. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG America’s #1 Stock Picker Reveals His Next 1,000% Winner Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company Radical New Battery Could Dismantle Oil Markets The post The 3 Best Ways to Invest in Cryptocurrency appeared first on InvestorPlace.
CHICAGO, Oct. 02, 2020 (GLOBE NEWSWIRE) -- Amplify ETFs announces changes to the sub-advisers on three of its ETFs. The Board of Trustees of the Amplify ETF Trust considered and voted to approve the following changes to the Funds: For the Amplify Transformational Data Sharing ETF (NYSE: BLOK) and Amplify Advanced Battery Metals and Materials ETF (NYSE: BATT), the investment sub-advisory agreement with CSAT Investment Advisory, L.P., d/b/a Exponential ETFs (“Exponential”) has been terminated and Toroso Investments, LLC (“Toroso”) will continue to serve as the investment sub-adviser.For the Amplify BlackSwan Growth & Treasury Core ETF (NYSE: SWAN), the investment sub-advisory agreement with Exponential has been terminated, and Toroso has been added as the investment sub-adviser pursuant to an investment sub-advisory agreement between Amplify Investments LLC and Toroso.The sub-adviser changes have an effective date of September 16, 2020.Previously, the Amplify Advanced Battery Metals & Materials ETF announced changes to its name, investment objective and principal investment strategy. Per the announcement, these changes are scheduled to become effective on or about October 12, 2020. On the effective date, the Fund’s name will change to the Amplify Lithium & Battery Technology ETF.About Amplify ETFs Amplify ETFs, sponsored by Amplify Investments, has approximately $2 billion in assets across its suite of ETFs (as of 9/30/2020). Amplify believes the ETF structure empowers investors through efficiency, transparency and flexibility.Contacts Sales Contact: Amplify ETFs 855- 267-3837 email@example.comMedia Contact: Gregory FCA for Amplify ETFs Caitlyn Foster, 610-228-2056 firstname.lastname@example.orgCarefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s statutory and summary prospectus, which may be obtained by calling 855-267-3837 or by visiting AmplifyETFs.com. Read the prospectus carefully before investing.Investing involves risk, including the possible loss of principal. Amplify ETFs are distributed by Foreside Fund Services, LLC.
Blockchain exchange-traded funds (ETFs) own stocks in companies that have business operations in blockchain technology or in some way profit from it. Blockchain is made up of complex blocks of digital information, and increasingly is used in banking, investing, cryptocurrency, and other sectors.