Alert

LEARN HOW TO SET UP AND MANAGE A PORTFOLIO IN 4 EASY STEPS WITH DR. JIM SCHULTZ!

cryptocurrency coins

Trade the Crypto Stock Market

Sep 29, 2021

By: Frank Kaberna

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)

0929_sm1.png


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

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

0929_sm2.png


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.

Follow us on Twitter: https://twitter.com/small_exchange

Subscribe to our YouTube Channel: https://www.youtube.com/channel/UC5pAsul3H_7FYuPmZscClrA

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

© 2021 Small Exchange, Inc. All rights reserved. Small Exchange, Inc. is a Designated Contract Market registered with the U.S. Commodity Futures Trading Commission. The information in this advertisement is current as of the date noted, is for informational purposes only, and does not contend to address the financial objectives, situation, or specific needs of any individual investor. Trading in options, futures, and ETFs is not suitable for all investors. The risk of loss in the trading of options, futures, and ETFs can be substantial. Trading in derivatives and other financial instruments involves risk. Trading futures involves the risk of loss, including the possibility of loss greater than your initial investment.


Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Related Posts

tastytrade content is provided solely by tastytrade, Inc. (“tastytrade”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, transaction or investment strategy is suitable for any person. Trading securities can involve high risk and the loss of any funds invested. tastytrade, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors, and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. tastytrade is not in the business of transacting securities trades, nor does it direct client commodity accounts or give commodity trading advice tailored to any particular client’s situation or investment objectives. Supporting documentation for any claims (including claims made on behalf of options programs), comparison, statistics, or other technical data, if applicable, will be supplied upon request. tastytrade is not a licensed financial advisor, registered investment advisor, or a registered broker-dealer. Options, futures and futures options are not suitable for all investors. Prior to trading securities products, please read the Characteristics and Risks of Standardized Options and the Risk Disclosure for Futures and Options found on tastyworks.com.

tastyworks, Inc. ("tastyworks") is a registered broker-dealer and member of FINRA, NFA and SIPC. tastyworks offers self-directed brokerage accounts to its customers. tastyworks does not give financial or trading advice nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of tastyworks’ systems, services or products. tastyworks is a wholly owned subsidiary of tastytrade, Inc (“tastytrade”). tastytrade is a trademark/servicemark owned by tastytrade.

Quiet Foundation, Inc. (“Quiet Foundation”) is a wholly-owned subsidiary of tastytrade The information on quietfoundation.com is intended for U.S. residents only. All investing involves the risk of loss. Past performance is not a guarantee of future results. Quiet Foundation does not make suitability determinations, nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of Quiet Foundation’s systems, services or products.

Small Exchange, Inc. is a Designated Contract Market registered with the U.S. Commodity Futures Trading Commission. The information on this site should be considered general information and not in any case as a recommendation or advice concerning investment decisions. The reader itself is responsible for the risks associated with an investment decision based on the information stated in this material in light of his or her specific circumstances. The information on this website is for informational purposes only, and does not contend to address the financial objectives, situation, or specific needs of any individual investor. Trading in derivatives and other financial instruments involves risk, please read the Risk Disclosure Statement for Futures and Options. tastytrade is an investor in Small Exchange, Inc.

© copyright 2013 – 2021 tastytrade. All Rights Reserved. Applicable portions of the Terms of use on tastytrade.com apply. Reproduction, adaptation, distribution, public display, exhibition for profit, or storage in any electronic storage media in whole or in part is prohibited under penalty of law, provided that you may download tastytrade’s podcasts as necessary to view for personal use.