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Trade the Crypto Stock Market

by | Tips & Strategies

With two cryptocurrencies – Bitcoin and Ethereum – now well above $100 billion in market capitalization and the former nearing $1 trillion, it appears as though all this crypto stuff isn’t going away. In fact, a whole industry has sprouted up around crypto with several publicly traded companies dealing directly in the space, and many of them have seen similar upside to the coins themselves.

Crypto Stock & Bitcoin Performance (2020-Present)

Source: Yahoo! Finance (https://finance.yahoo.com/)

Gain exposure to popular markets with standardized tick values and expiration dates on the Small Exchange. See why the smalls are making a big splash. >>

The Small Exchange has joined 17 securities in the crypto sector to create the first stock index totally devoted to the area. Futures on the Small Cryptocurrency* Index are due to arrive October 4th, and they expect to correlate highly to price action in both Bitcoin and Ethereum all at a smaller size and cost to existing Bitcoin and Micro Bitcoin futures.

Last Monday in Bitcoin and Small Cryptocurrency

Source: Yahoo! Finance (https://finance.yahoo.com/) and dxFeed Index Services (https://indexit.dxfeed.com)

Small Cryptocurrency Index Components*
Name Symbol Weight Correlation to BTC
Advanced Micro Devices AMD 6.2% +0.3
Canaan CAN 6.1% +0.6
CleanSpark CLSK 4.6% +0.3
Coinbase COIN 5.7% +0.7
Ebang EBON 4.8% +0.5
Grayscale Bitcoin GBTC 7.0% +0.9
Grayscale Ethereum ETHE 8.7% +0.8
Marathon Digital MARA 7.2% +0.6
MicroStrategy MSTR 5.6% +0.7
NVIDIA NVDA 6.0% +0.3
PayPal PYPL 5.3% +0.3
Riot Blockchain RIOT 5.1% +0.6
Silvergate SI 5.6% +0.5
SOS SOS 4.7% +0.5
Square SQ 5.9% +0.4
Taiwan Semiconductor TSM 5.4% +0.3
The9 NCTY 6.0% +0.5

*Data as of 9/2/21

It may not be a new shiny coin, but it is a step in the right direction for an industry so new and exciting that exchanges have yet to present the trading public with a smaller way to gain crypto exposure.

 

*Small Cryptocurrency pending, and subject to, all relevant CFTC filings

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