Ethereum is a decentralized open-source technology that powers the crypto world. Its platform is used by developers to create various decentralized applications and solutions.
If you’re interested in making money from Ethereum, there are several ways to do it. The most direct way to get started is to buy Ethereum. Its volatility makes it extremely risky for novice investors. Another less-volatile option is investing in Ethereum stocks.
Best Ethereum Stocks to Add to Your Investment Portfolio
1. Grayscale Ethereum Trust
The Grayscale Ethereum Trust is a managed fund that enables investors to add Ethereum to their accounts. It has a fixed amount of Ether tokens. The fund’s share price is typically lower than the value of Ethereum. It also charges a management fee of 2.5%.
2. Bitwise Ethereum Fund
Bitwise is the world’s largest crypto fund manager. It has a variety of funds that invest in various types of cryptocurrencies. The fund’s managers try to minimize expenses and keep Ethereum in cold storage to make it a cost-efficient and secure investment. The Bitwise 10 Crypto Index Fund aims to provide a more diversified digital asset portfolio.
Coinbase is the largest US-based cryptocurrency exchange. Aside from Ethereum, it also accepts other cryptocurrencies. Due to the rise of crypto, Coinbase has become one of the most profitable stocks in the industry. Its monthly users have increased significantly over the past year, and its net revenue has also grown over 1,000%.
4. Staked ETH Trust
The Staked Ethereum Trust is the first cryptocurrency-focused mutual fund that allows investors to get exposure to the Ethereum blockchain. Ethereum is in the process of transitioning to Ethereum 2.0, which involves going through a proof-of-stake model. This will allow holders to stake crypto to earn rewards.
5. HIVE Blockchain
HIVE Blockchain is a cryptocurrency mining firm that uses green energy to mine cryptocurrencies. It currently mines Ethereum, Bitcoin and Ethereum Classic. Although HIVE focuses on Ethereum, it will most likely change its strategy in the future. As it migrates to Ethereum 2.0, it will no longer use the proof-of-work model.
6. Robinhood Markets
Robinhood is a discount broker that became known for its commission-free trading. In 2018, it started offering crypto trading. Since it started offering crypto trading a few years ago, the firm has expanded its selection to include other cryptocurrencies, such as Litecoin and Bitcoin Cash.
What is Ethereum?
Ethereum is an open-source software project that was developed in 2013. Its creator, Vitalik Buterin, originally suggested the idea in 2013. Developers can create their own applications on the Ethereum network. Its decentralized nature and its ability to serve various industries make it a great platform for innovation.
Developers can create programs on Ethereum using its self-executing smart contracts. These contracts run on the blockchain’s network and execute actions according to the conditions of the contract. While Bitcoin is mainly used as a store of value, Ethereum has plenty of uses. Its decentralized nature makes it more secure and less prone to exploitation.
Investing in Ethereum
If you want to invest in Ethereum, you can do it through a variety of different means, such as a stockbroker, a payment app or an exchange. Cryptocurrency exchanges are websites that allow users to buy and sell cryptocurrencies. Some of the most popular exchanges are Coinbase and Gemini.
Stockbrokers can also help you invest in Ethereum. Some of the largest financial firms are starting to offer crypto trading. You can also buy and sell Ethereum through various payment apps. A good cryptocurrency exchange is usually the best option for serious investors. It has the biggest selection of cryptocurrencies, and it lets users store and transfer their money.