Mark Cuban says that crypto is ‘going through the lull’ that the early internet saw — here are 3 simple ways to bet on a big bounce

In recent months, many new crypto investors have learned a hard lesson: Prices don’t always go up

For instance, Bitcoin — the largest cryptocurrency in the world — is down 37% year to date and 57% below its all-time high of $68,990 in November 2021.

While sentiment is far from bullish these days, billionaire investor Mark Cuban’s recent comments might cheer up crypto enthusiasts.

“Crypto is going through the lull that the internet went through,” writes the Shark Tank star and Dallas Mavericks owner in a tweet

“After the initial surge of exciting apps, NFTs, DeFi, P2E, we saw the imitation phase as chains subsidized the movement of those apps to their chains (ala bandwidth and storage subsidies by startups in the 2000s).”

Not all companies are the same. In the crypto arena, Cuban expects the winning players to be those that “use smart contracts to improve business productivity and profitability.”

If you don’t want to pick individual winners and losers in the crypto world, you can still get exposure to the space through ETFs.

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Blockchain is more than just bitcoin. To get exposure to leading players in the segment, consider Global X Blockchain ETF.

The fund invests in businesses that are solidly positioned for the increasing adoption of blockchain technology. 

They include crypto miners, digital asset transaction technologists and developers of blockchain applications.

Global X Blockchain ETF’s portfolio currently consists of 27 stocks, with the top five holdings being Marathon Digital Holdings (11.0%), Riot Blockchain (10.9%), Coinbase Global (9.4%), Galaxy Digital Holdings (8.1%) and Northern Data (6.5%).

First Trust Indxx Innovative Transaction & Process ETF aims to replicate the performance of the Indxx Blockchain Index. 

The index is made up of companies that are either actively using, investing in, or developing products that benefit from blockchain technology.

While most blockchain ETFs focus on the U.S., LEGR gives investors access across the globe. In fact, the U.S. represents just 34.9% of the fund’s geographical exposure.

LEGR also has geographic exposure to China (11.5%), Germany (8.5%), India (7.4%), France (5.4%), the U.K. (5.0%) and Switzerland (3.0%) among others.

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