Want to play the crypto game via equities? Here are names to add to your watchlist

economictimes.indiatimes.com:

crypto assets craze has been rising in India. Several investors, who are sceptical about direct crypto investments, are playing the theme via equities. Some of the top names from the sector include Nvidia, CME Group, Block, IBM, Mastercard, DocuSign, Amazon, Coinbase Holdings and GlobalX Blockchain ETF. The majority of these stocks are listed on Nasdaq. Once a frenzy, these spaces are now witnessing huge traction in 2022 after phenomenal returns in 2021, according to market experts.

Did you Know?

Sunny Leone took the lead among Indian actors to secure her digital assets when she broke the news about her association with NFT, two months back. This made her the first Indian actress to mint NFTs

These companies, listed in the international markets, are directly engaged in crypto, blockchain NFTs or the metaverse space, and investors are lapping up the shares of these companies. Despite the poor performance in the December quarter, Meta (formerly Facebook Inc) remains the top bet to play the theme. The company's stock tanked 26 per cent in Thursday trade. Vinay Bharathwaj, co-founder and co-CEO, Stockal, said there is a crypto buzz, and it is more than just an inflation hedge. «These themes are gaining traction and investment banks like Goldman Sachs and JPMorgan are also setting up crypto spaces, allowing investors to participate in these fast-growing asset classes,» he added. The interest in holding crypto assets is increasing among Indian investors. One can see that from the way crypto exchanges have grown in the country. Viram Shah, co-founder & CEO of Vested Finance, said that the US markets provide a way to get indirect exposure to the world of cryptocurrency and metaverses in three ways —