As bitcoin and other digital currencies surge in price, investors are looking for other ways to play the crypto craze.
Bitcoin is up over 90% since the start of 2021, even after a recent slide in prices saw the market shed more than $200 billion in value. Ether, the second-largest digital coin by market value, has climbed almost 350% year-to-date.
In a note published Thursday, analysts at Goldman Sachs named a list of stocks that are bouncing alongside bitcoin. The bank found that, on average, these stocks have significantly outperformed the S&P 500 this year.