Matrixport: Underperforming Mining Stocks Highlight Bitcoin Spot ETFs as the Best Investment Strategy

BY admin user

Matrixport released a chart indicating that investors in leveraged mining stocks are facing challenging conditions in 2024. The poor performance of publicly listed Bitcoin mining stocks is largely due to the halving of miner rewards. In contrast, a simpler and more efficient investment strategy is to hold Bitcoin spot ETFs, such as the iShares IBIT launched by BlackRock in mid-January.

Even Bitcoin-related companies like Coinbase have seen their stock prices underperform compared to Bitcoin itself this year. However, MicroStrategy, with its strategy of borrowing to purchase Bitcoin, has significantly outperformed other crypto assets. This positive trend may continue to provide support for Bitcoin prices.

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