iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
18,346 Blog Posts

Bitcoin Proxy Stocks Blast Off Again

While the run in Bitcoin and cryptos have been on the headlines of every financial publication in the world, a little known sub-sector has been gaining steam. These are little offals that changed their name or business practice to cater to the crypto-markets. These little fuckers, in many regards, have increased in value at a higher rate of return over the past month than many cryptos.

Because I am obsessive and have a terrific community of like minded folks in the hallowed halls of Exodus, I’ve compiled a short list of names that have exposure to the crypto space.

Here’s what I got so far, in addition to their 1 mo returns.

MARA +294%
RIOT +183%
GROW +70%
SRAX +69%
SSC +52%
XNET +7.5%
OSTK +3.5%

SGRP
DPW
PRELF
BTSC
BGGWF
GCAP
DIGAF
GLNNF
BLKCF
TEUM
MGTI

Aside from GBTC, the only other ETF with Bitcoin exposure is ARKK, who owns a little GBTC, as well as other stuff.

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8 comments

  1. tonka

    There was a time when my largest position ($URA) moving over 4% in a day would’ve meant something.

    Now if I’m not compounding my account at 10% per day, apparently I’m falling behind.

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  2. badduck

    Not sure you left out the King of all bitcoin plays $CRCW, $18-$642 in 2 weeks.

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  3. lapens

    I realise it’s early, but is there an ETA on Exodus including the cryptos? I’d be more than happy to help out with testing, if that is required.

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  4. bushwacker2

    Those stocks are worse than the Chinese Burritos. Good Lord.

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