3 Fintech Stocks & ETFs To Shine As Bitcoin Crosses $35,000

ARK Fintech Innovation ETF ARKF — up 102.9% over the past year

It is an actively-managed ETF that seeks long-term growth of capital. The fund provides exposure to fintech innovations like mobile payments, digital wallets, peer-to-peer lending, blockchain technology, and risk transformation. With AUM of $1.96 billion, it charges an expense ratio of 75 basis points (bps). Moreover, Square and PayPal occupy positions in the top 10 holdings within the fund (read: 6 Best Active ETFs of 2020).

Global X FinTech ETF FINX — up 51.2%

The fund seeks to invest in companies on the leading edge of the emerging financial technology sector, which encompasses a range of innovations helping to transform established industries like insurance, investing, fundraising, and third-party lending through unique mobile and digital solutions. It has AUM of $1.03 billion and charges 68 bps in fees. Square and PayPal once again occupy spots in the top 10 holdings within the fund (read: PayPal Q3 Earnings Impress Investors: ETFs to Win).

ETFMG Prime Mobile Payments ETF IPAY — up 31.5%

The fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Prime Mobile Payments Index. The index provides a benchmark for investors interested in tracking the mobile and electronic payments industry, particularly focusing on credit card networks, payment infrastructure and software services, payment processing services, and payment solutions (such as smartcards, prepaid cards, virtual wallets). With AUM of $1.05 billion, it charges an expense ratio of 75 bps. Square, PayPal and Visa occupy spots in the top 10 holdings within the fund (read: 6 ETFs to Consider as Thanksgiving Week Begins).

As mentioned above, here are the popular fintech stocks that we would like to discuss:

PayPal is a major bitcoin-related stock that deserves our attention. This leader in digital payment processes helps merchants accept crypto payments via partnerships with three major bitcoin payment processors — BitPay, GoCoin and Coinbase. Further, the company recently launched a platform that enables its customers to buy, hold and sell cryptocurrency directly from their PayPal account. Notably, this Zacks Rank #3 (Hold) company announced intentions to enable cryptocurrency as a funding source across its 26 million merchants worldwide. Its crypto trading platform is expected to be introduced globally in early 2021. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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