Bitcoin is just starting to accelerate higher again.

At the start of 2024, the digital currency traded at $42,280. Today, it’s up to $107,869 and could run even higher on retail, government, and institutional interest.

Helping, the U.S. Senate just passed a landmark bill to regulate cryptocurrency – which creates a path for digital assets to go mainstream.

According to USA Today, “The 68-30 vote reflects a major victory for the crypto industry, which has been aggressively lobbying Congress on the legislation. The bill next must be approved by the Republican-led House before Trump can sign it into law.”

In fact, the House could vote on it the week of July 7.

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That being said, investors may want to invest in Bitcoin, in related stocks, or even in exchange traded funds (ETFs) such as the ProShares Bitcoin Strategy ETF.

If you believe the value of BTC will push higher, you can invest in the Pro Shares Bitcoin Strategy ETF (BITO). With an expense ratio of 0.95%, the ETF tracks the performance of spot Bitcoin, according to ProShares.com.

As noted by Money, “Like all crypto ETFs, part of the allure of BITO is that investors don’t need to deal with cryptocurrency wallets and private keys but can instead invest through a broker they already use.”

Last trading at $20.80, we’d like to see the BITO ETF rally to $25 initially.

Sincerely,

Ian Cooper