Bitcoin hit a new record high above $124,000, up 30% this year, driven by institutional buying and expectations of looser US monetary policy. Companies like MicroStrategy are adding bitcoin to their balance sheets. Trump’s order to explore 401(k) crypto access could boost retail participation in bitcoin.

Bitcoin is seen as a risk-on asset; expectations of a Fed rate cut in September are driving prices. Ethereum rose nearly 6% to $4,700, nearing its all-time high. Companies are adding ether to their reserves for exposure to DeFi and stablecoins. Regulatory clarity and SEC’s Project Crypto initiative boost investor confidence.

Investors can access bitcoin through ETFs like GBTC, IBIT, FBTC, ARKB, and BITB. Grayscale Bitcoin Trust ETF is one option. Zacks’ Fund Newsletter provides insights on top-performing ETFs. Consider downloading 7 Best Stocks for the Next 30 Days from Zacks Investment Research for more recommendations.

Read more at Nasdaq: Bitcoin Hits Record High: ETFs in Focus