There’s still reason for hope for institutional investors who want more exposure to crypto—even as regulators continuing to clamp down the industry, most recently with the U.S. Securities and Exchange Commission (SEC) suing both Binance and Coinbase within 24 hours and sending prices crashing.
According to Dan Weiskopf and Mike Venuto, portfolio managers at Amplify ETF, the near term growth outlook of companies today is indeed “fuzzy and challenging,” but the good news is that “growth is looking cheaper today than in years past.”
“We believe disruptor companies are on sale for now, and long-term investors who are not looking closely to capture the inevitable transformational change from blockchain and digital assets are simply missing out on the most important paradigm shift in decades,” Weiskopf and Venuto wrote in their latest newsletter.
Weiskopf and Venuto are in charge of the Transformational Data Sharing ETF (BLOK) at Amplify, which made a strategic decision to increase its portfolio’s net exposure to Bitcoin miners to as much as 22%—something that helped BLOK to grow more than 31% year to date.
“What we can
Go to Source to See Full Article
Author: Andrew Asmakov
Tip BTC Newswire with Cryptocurrency