Ethereum is one of the most popular cryptocurrencies in the market. It is a decentralized, open-source technology that powers much of the crypto world. If you want to experience Ethereum’s growing popularity, then maybe Ethereum stocks can be your jam. Even though the most direct option is buying Ethereum itself, a less volatile option to reap the profits would be investing in its stocks.
Here are the 5 best Ethereum stocks you can buy and indirectly reap the benefits of Ether’s price surge:
1. Grayscale Ethereum Trust
Current Price: $7.20
The Grayscale Ethereum Trust is a managed fund that makes it easy to add Ethereum to one’s brokerage account. Each share is backed by a fixed amount of Ether tokens, but keep in mind that the fund’s share price is often lower than the value of Ethereum at the prevailing conversion rate. According to Gov. capital, Grayscale Ethereum Trust is a good long-term investment for the next one to three years and is bullish overall and its price can go up to $29.094 in the mid of January 2024.
Read More: Up 25% in 7 Days, This Crypto’s Next Move Deserves Your Attention
2. The Ether Fund
Current Price: $23.49
The Ether Fund is a good option for investment for those who are looking to invest indirectly in Ethereum. Investing in this stock would provide a lower-risk option of buying ETH directly. In Wallet Investors’ opinion, the Ether Fund will make a good short-term investment.
3. Accenture PLC.
Current Price: 277.90
Accenture is a tech giant that provides consulting and processing services. The company markets Ethereum-based blockchain solutions to businesses to make it easier to process payments. According to Ramsey El-Assal’s Stock Forecast, Accenture PLC’s price might go up to $340.00 in the future and it is surely one of the best Ethereum stocks to buy.
4. Bitwise Ethereum Fund
Current Price: $8.63
Bitwise is the world’s largest crypto index fund manager. It offers managed funds for multiple types of cryptocurrency, and one such example is Bitwise Ethereum Fund. The fund’s managers seek to minimize transaction costs, and they hold the fund’s Ethereum offline in cold crypto storage. The annual management fee for this stock is 1.5%.
5. Cisco Systems
Current Price: $46.90
Cisco Systems is another tech giant that produces and sells hardware, software, and telecom equipment. The project connected enterprises, startups, and academics with Ethereum subject matter experts. In Market Belt’s recent search, Cisco Systems has received a consensus rating of Hold. The company’s average rating score is 2.45 and is based on 10 buy ratings, 9 hold ratings, and 1 sell rating.
Also Read: Here’s Why Ethereum Coin Price Is At Risk Of 10% Correction?
Source: https://coingape.com/blog/5-ethereum-stocks-to-indirectly-reap-the-benefits-of-ethers-surge/