3 Stocks to Gain Safe Exposure to Crypto as Bitcoin Gears Up for a Rally

investing.com:

While Bitcoin has been facing downward pressure for the past few weeks, with the cryptocurrency trading below $26,000 after hitting a yearly high of nearly $32,000 in July, there are compelling reasons to remain optimistic about its longer-term prospects.

As Bitcoin and cryptocurrencies continue to grow increasingly intertwined with the broader economy, the possibility of a significant rally in major cryptocurrencies becomes all the more intriguing. Such a rally could have far-reaching implications, particularly for stocks in the fintech sector.

In this article, we will delve into three factors that make a strong case for a potential bullish rally in Bitcoin in the medium term. Additionally, we'll explore a range of stock opportunities that savvy investors might consider to leverage this potential crypto resurgence.

Here are the three factors in favor of Bitcoin:

The first factor that could trigger a major Bitcoin rally concerns the launch of a spot BTC ETF in the USA. Since BlackRock (NYSE:BLK), the world's largest asset manager, filed a proposal for a spot Bitcoin ETF with the SEC a few months ago, many experts believe that the launch of such a product in the US is imminent.

Although the American regulator is maintaining a firm stance, having notably postponed its decision on several proposals a few days ago, there is reason to believe that it will eventually be forced to approve such a product.

Indeed, the US courts recently ruled in favor of Grayscale in its case against the SEC in connection with the regulator's refusal to convert the manager's GBTC into a Bitcoin spot ETF. The court rejected the SEC's arguments, inviting it to re-examine the case and come up with new arguments if it intends to persist in its