Three Dividend-paying Cryptocurrency Funds to Purchase as Bitcoin Rebounds 07/12/2024 | | | According to the Survey of Consumer Finances (SCF), nearly half of all U.S. households have no money at all saved for retirement.
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The three dividend-paying cryptocurrency funds to purchase could especially appeal to investors who are drawn to such investments in the wake of Bitcoin's price plunging 27.16% from a high of $73,750.07 on March 14 to a low of $53,717.38 on July 5. The drop caused a five-month low in the price of Bitcoin, but the cryptocurrency has begun to rise again.
A key reason for the recent slump in Bitcoin prices stems from the return of about $8 billion in the cryptocurrency to creditors of a defunct Japanese cryptocurrency exchange called Mt. Gox. Also pressuring the price of Bitcoin downward is that the German and U.S. governments liquidated some of their holdings in the cryptocurrency.
Three Dividend-paying Cryptocurrency Funds to Purchase: BITO
One way to invest in Bitcoin without buying the cryptocurrency directly is through an exchange-traded fund (ETF) like ProShares Bitcoin Strategy ETF (NASDAQ: BITO). The ETF announced its monthly dividend, and it was another "whopping" $1.50 per share, according to the TNT Trader investment newsletter of Mark Skousen, PhD, a presidential fellow in economics at Chapman University, and his son Tim Skousen.
The elder Skousen, named one of the top 20 most influential living economists by SuperScholar.org, heads the monthly Forecasts & Strategies investment newsletter that focuses on stocks and funds. The TNT Trader advisory service that he runs with his son Tim provides both stock and option recommendations, as well as cryptocurrency investments.
"This has been an unexpected benefit of owning BITO at this time period, as we never intended to find a Bitcoin income play like this," according to TNT Trader. "But since our recommendation, we have collected $6.82 a share in five months with a buy-in price of $26.91."
Courtesy of www.StockRover.com. Learn about Stock Rover by clicking here.
If BITO sustains these kinds of payouts, it will have a dividend yield of 60%, according to the July 2 edition of TNT Trader. Even if the dividend payouts are suspended, BITO would end the year with a yield of 25%, the advisory service wrote. "That's a mind-blowing yield for any ETF," according to TNT Trader. 
Ben Franklin scion Mark Skousen, who leads TNT Trader, talks to Paul Dykewicz.
The U.S. government contributed to the slide in Bitcoin's price when it announced plans to sell nearly 4,000 bitcoins that were seized due to the conviction of a drug dealer, TNT Trader informed its subscribers. However, Bitcoin has absorbed that added volume and is poised to rise again, TNT Trader wrote.
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The Micro-Cap Stock Trader advisory service, led by seasoned Wall Street veteran Bryan Perry, is another advisory service that is recommending BITO. The fund invests in Bitcoin futures and not the coins themselves, he explained. "Though BITO doesn't track Bitcoin exactly, and the market cap of $2.95 billion is the smallest and most liquid asset that fits into our micro-cap universe, the correlation is surprisingly good and worthy of a long-side trade," Perry advised his Micro-Cap Stock Trader subscribers. In addition, because BITO trades futures on Bitcoin, the fund is able to generate sizeable monthly dividends from the spread it captures from its trades. Micro-Cap Stock Trader subscribers and other investors in BITO have been collecting the monthly dividend payouts since entering the trade. The enticing dividend yield has become a compelling reason to stick with the fund amid the ups and downs of Bitcoin's price. 
Bryan Perry leads the Micro-Cap Stock Trader advisory service.
Another backer of BITO is Jim Woods, a former Army paratrooper who recommends it in the Income Multipliers portfolio for his Successful Investing newsletter subscribers. As a seasoned investment guide, Woods has developed a special interest in cryptocurrency investing and follows BITO closely for his Successful Investing subscribers.
Jim Woods leads Successful Investing and co-heads Fast Money Alert.
Three Dividend-paying Cryptocurrency Funds to Purchase: BLOK
In the July 8 weekly update of Mark Skousen's Forecasts & Strategies investment newsletter, he updated his recommendation of a crypto/blockchain exchange-traded fund (ETF), dividend-paying Amplify Transformational Data Fund (BLOK). The fund has "survived the storm" much better than Bitcoin and is up more than 21% this year, Skousen wrote to his Forecasts & Strategies subscribers.
Chart courtesy of www.stockcharts.com.
BLOK's top holdings include Galaxy Digital Holdings Ltd. (OTCMKTS: BRPHF) (TSX: GLXY .TO), MicroStrategy Inc. (NASDAQ: MSTR), Coinbase Global (NASDAQ: COIN), Robinhood Markets Inc. (NASDAQ: HOOD), Core Scientific (NASDAQ: CORZ) and PayPal (NASDAQ: PYPL). The purchase of the fund gives shareholders exposure to some of the biggest names in blockchain.
Woods, who also is a co-leader of the Fast Money Alert advisory service with Skousen that recommends stocks, funds and options, is a fellow fan of Amplify Transformational Data Fund and its call options. In November 2023, the Fast Money Alert advisory service subscribers watched a recommendation of BLOK call options jump more than 120% in just a few weeks. Rather than leave that big potential gain at risk, the seasoned leaders of that advisory service recommended that their subscribers sell half to take triple-digit percentage profits, while letting the rest ride in pursuit of additional gains. "We simply do not want to miss out on preserving our initial capital," the Fast Money Alert leaders wrote. | | | Our cutting-edge A.I. technology has just pinpointed one stock that's set to outperform everything else in the market.
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A third dividend-paying cryptocurrency fund to purchase is iShares Blockchain and Tech (IBLC) that launched in 2022, said Bob Carlson, the leader of the Retirement Watch investment newsletter who recently retired as the chairman of a pension fund. It seeks to track an index composed of global companies involved in the development, innovation and use of blockchain and digital technologies. The index uses a rules-based method to change its holdings as companies in the blockchain universe and the technology evolves.
The fund recently had 41 positions with the 10 largest ones accounting for 68% of the portfolio. Top holdings were Marathon Digital Holdings (NASDAQ: MARA), Cleanspark (NASDAQ: CLSK), Coinbase Global (NASDAQ: COIN), Hut 8 (NASDAQ: HUT) and TeraWulf (NASDAQ: WULF). The turnover ratio is about 68%.
About 90% of the fund is in North America-based companies. The next largest region is Australia/Asia.
The fund is up 10.35% for the year to date and 48.17% over 12 months. It is up 5.89% in the last four weeks, but down 3.63% in the last week. The recent dividend yield was 1.28%.
Chart courtesy of www.stockcharts.com.
NATO Meeting Addresses Russia's Invasion of Ukraine
NATO's 75th Anniversary Summit in Washington, D.C., concluded on July 11, with the 32 allies making decisions to strengthen deterrence and defense, bolster long-term support to Ukraine and deepen global partnerships. Allied leaders met with representatives of Australia, Japan, New Zealand, South Korea and the European Union to address shared security challenges. With a growing alignment of Russia, China, Iran and North Korea, NATO is working increasingly closely with partners in the Indo-Pacific and with the European Union to help preserve peace and protect international order. NATO Secretary General Jens Stoltenberg highlighted that China is a decisive enabler of Russia's war against Ukraine. The Washington Summit declaration refers to the strategic partnership between Russia and China as a "cause for profound concern."
Ukrainian President Volodymyr Zelensky joined allied leaders at the summit for a meeting of the NATO-Ukraine Council on July 11 at the level of Heads of State and Government. Secretary General Stoltenberg affirmed allies support Ukraine on its "irreversible path" to NATO membership. On July 10, NATO allies agreed to establish Security Assistance and Training for Ukraine to coordinate providing military equipment and training. NATO announced a pledge of long-term security assistance to Ukraine with a minimum baseline of 40 billion euros in the next year. "This pledge will ensure greater burden-sharing of military support," Stoltenberg said in a prepared statement. "It will also provide Ukraine the reliable support it needs to deter and defend against future Russian aggression now and in the future."
NATO allies have signed 20 bilateral security agreements with Ukraine thus far as Russia continues its invasion and attacks of its neighboring nation. Stoltenberg confirmed the allies agreed to establish a NATO-Ukraine Joint Analysis, Training and Education Centre in Poland.
U.S. President Biden's Gaffes Gain Glare of NATO Summit Spotlight
President Joe Biden, whose cognitive capabilities came into question during his June 27 debate against former President Donald Trump, gained the glare of the NATO summit spotlight when he mistakenly introduced Ukrainian President Volodymyr Zelenskyy as "President Putin" on stage. It occurred at a ceremony marking the signing of a NATO security agreement for Ukraine.
The gaffe occurred as Biden wrapped up a speech about NATO's enduring support for Ukraine. Biden barely stuttered during his remarks as he pledged security guarantees from Western countries even upon the end of the current war in Ukraine started and continued by Russia's President Vladimir Putin. President Biden quickly corrected himself.
However, Biden also mistakenly called Vice President Kamala Harris by the wrong name, referring to her as "Vice President Trump." So far, Biden is vowing to continue his campaign and seek re-election, despite some Democrats in Congress questioning the wisdom of that plan.
The three dividend-paying cryptocurrency funds to purchase are rebounding after recent share price weakness. For investors who like to purchase equities when the price pulls back, the opportunity has arrived with three dividend-paying cryptocurrency funds. | | | Sincerely,
Paul Dykewicz, Editor
DividendInvestor.com
| | About Paul Dykewicz: Paul Dykewicz is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, Seeking Alpha, GuruFocus and other publications and websites. Paul is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is the editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul also is the author of an inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain", with a foreword by former national championship-winning football coach Lou Holtz. Follow Paul on Twitter @PaulDykewicz. | | | | | |
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