After taking a major downturn in the summer, cryptocurrencies have been bouncing back in a big way throughout October and proving that investors still have an appetite for these high-flying and volatile digital assets. With dozens of firms filing for SEC approval of bitcoin-based ETFs and Federal Reserve chair Jerome Powell stating that he has no plans to ban bitcoin in the United States, there are clearly some strong catalysts that could be helping to fuel the crypto comeback.
Some investors prefer to gain exposure to this burgeoning investment class through equities, and there are plenty of stocks to choose from if you are looking to go that route. Whether it's crypto mining specialists, massive exchanges making it easy for crypto enthusiasts to trade, or banks helping out institutional investors with their crypto transactions, these companies certainly have some intriguing business cases for investors to consider at this time.