How to Invest in Ethereum $ETH
1. Direct investment in Ethereum
2. $BMNR, $SBET — Companies with a financial structure holding Ethereum. While many such companies have recently emerged, these two already hold a significant amount of Ethereum and have approved additional purchases. In particular, $BMNR is preferred because of trust in its chairman, Tom Lee.
3. $HOOD — Robinhood is one of the platforms where you can buy Ethereum at the lowest price. As trading volume increases, trading profits rise, and currently, Robinhood has raised its cryptocurrency commission rate by over 30% compared to last year, yet it remains 50% cheaper than $COIN. Increased Ethereum trading = increased cryptocurrency profits for Robinhood.
4. $COIN — Coinbase performs well when the overall cryptocurrency market is good, so an increase in Ethereum will be a positive factor, similar to Robinhood.
5. $ETHA — BlackRock's Ethereum ETF, which is linked 1:1 to Ethereum and can use a covered call strategy. Since it is managed by BlackRock, it has high stability, and there has been a significant increase in fund inflows over the past month.
HOW TO PLAY $ETH:
1. Ethereum itself
2. $BMNR $SBET — Ethereum treasuries, while many more are popping up, these two are the ones that have a sizeable amount on the balance sheet and have already approved the capital to buy more. I like $BMNR more because I trust Tom Lee who is the chairman of it.
3. $HOOD — Robinhood is one of the cheapest platforms to buy Ethereum on, as more people continue to trade it, that increases trading volumes which increases transaction revenues. Robinhood is now charging upwards of 30% more on their take rate for crypto than last year (still 50% cheaper than $COIN) so more ETH trading means more crypto revenues for Robinhood.
4. $COIN — Coinbase in general does well when all crypto does well so ETH should be a tailwind for them similar to Robinhood.
5. $ETHA — Blackrock's Ethereum ETF gives 1:1 exposure to Ethereum and you can write covered calls against it, given it's from Blackrock the security of the fund is strong and has seen a big uptick in inflows over the past month.
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