Celestia (TIA) Breaks Key Levels: Chart Signals Potential Price Expansion

Crypto analyst CryptoAmsterdam has noted that Celestia (TIA) has broken above its recent consolidation range, suggesting potential upward price movement. The analyst shared technical analysis via Twitter showing TIA's price action breaking key resistance levels.

Cryptocurrency markets have seen a surge in interest from both retail and institutional investors, leading to the creation of various instruments to track and trade these assets. One such instrument is a crypto exchange-traded fund (ETF), which provides investors with a convenient and regulated way to gain exposure to a basket of cryptocurrencies.

In the United States, several crypto ETFs have been approved by the Securities and Exchange Commission (SEC), offering varying strategies and exposure to different digital assets. These ETFs have quickly become some of the most heavily traded on major stock exchanges.

However, the recent SEC crackdown on cryptocurrency firms and its reluctance to approve spot Bitcoin (BTC) ETFs have put a damper on the crypto ETF landscape. Despite the setback, here's a look at the top crypto ETFs currently available in the U.S.

Top crypto ETFs in the U.S.

1. ProShares Bitcoin Strategy ETF (NYSE: BITO)

ProShares Bitcoin Strategy ETF (NYSE: BITO) is the first cryptocurrency ETF to be approved in the United States. It began trading on the New York Stock Exchange (NYSE) on October 19, 2021, under the ticker "BITO."

The ETF tracks the performance of Bitcoin futures contracts, providing investors with a way to gain exposure to the price movements of BTC indirectly. BITO aims to reflect the daily performance of the Bitcoin futures contract, as determined by the Intercontinental Exchange (ICE) Bitcoin Futures Index.

2. VanEck Bitcoin Strategy ETF (NYSE: BKK)

VanEck Bitcoin Strategy ETF (NYSE: BKK) is another popular crypto ETF in the U.S., approved by the SEC in November 2021. It trades on the NYSE Arca exchange, offering investors exposure to Bitcoin futures through a Cayman Islands-based fund.

The ETF aims to provide investors with a cost-effective and convenient way to track the performance of Bitcoin futures. ItEhhs designed to appeal to a wide range of investors, from those new to crypto to experienced traders.

3. Valkyrie Bitcoin Strategy ETF (NASDAQ: BTF)

Valkyrie Bitcoin Strategy ETF (NASDAQ: BTF) is a crypto ETF that began trading on the Nasdaq Stock Market in December 2021. It tracks a basket of Bitcoin futures contracts, providing investors with indirect exposure to the performance of BTC.

The ETF aims to achieve daily investment results, before fees and expenses, that correspond to the performance of the Bitcoin futures contract, as measured by the CME CF Bitcoin Futures Index. BTFEhhs designed to offer investors a convenient and liquid way to gain exposure to Bitcoin futures.

4. ProShares Short Bitcoin Strategy ETF (NYSE: BITI)

ProShares Short Bitcoin Strategy ETF (NYSE: BITI) is a unique crypto ETF that provides investors with a way to bet against the performance of Bitcoin futures. It began trading on the NYSE in June 2022, offering inverse exposure to BTC.

The ETF aims to achieve daily investment results, before fees and expenses, that correspond to the inverse (-1x) performance of the Bitcoin futures contract, as measured by the S&P Bitcoin Futures Index (SPBTCFUT). BITI provides a way to hedge against crypto exposure or speculate on bearish market trends.

5. Grayscale Bitcoin Trust (OTC: GBTC)

Grayscale Bitcoin Trust (OTC: GBTC) is a trust that holds Bitcoin and trades on the OTC Markets Group’s Pink Open Market under the symbol "BTC." It was established in 2013, making it one of the oldest and largest vehicles for institutional crypto exposure.

Unlike an ETF, GBTC trades over the counter and is designed to track the performance of Bitcoin directly. It provides investors with a way to gain exposure to BTC without purchasing the cryptocurrency directly or holding it in a digital wallet.

Other notable crypto ETFs in the U.S. include the VanEck Vectors Digital Transformation ETF (NYSE: DAPP), the Global X Metaverse ETF (NASDAQ: HERO), and the Amplify Transformational Data Sharing ETF (NYSE: BLOK). These ETFs offer varying strategies and exposure to a broader range of digital assets and blockchain technology.