Coin Market Solution logo Coin Market Solution logo
Seeking Alpha 2023-03-30 13:41:59

Crypto and Blockchain ETFs look to top the Q1 leaderboard

Crypto and blockchain focused exchange traded funds look to top the first quarter leaderboard as the segment proved to provide investors with the best returns amongst all other ETFs on the market excluding leveraged and inverse funds. Supporting the moves in crypto and blockchain-focused funds has been fueled by the underlying moves in digital assets. In 2023 Bitcoin ( BTC-USD ) has surged 73% as it trades above 28K and looks to retake the 30K marker. At the same time, top-side moves in Ethereum ( ETH-USD ) have also supported crypto and blockchain-focused funds as the digital currency jumped 50% so far in 2023. See the top 10 performing ETFs on a year-to-date basis below: Top 10 2023 Performing ETFs No. 10: Invesco Alerian Galaxy Crypto Economy ETF ( SATO ) +50.7% . No. 9: Bitwise Crypto Industry Innovators ETF ( NYSEARCA: BITQ ) +51.6% . No. 8: VanEck Digital Transformation ETF ( DAPP ) +52.1% . No. 7: Global X Blockchain and Bitcoin Strategy ETF ( BITS ) +58.6% . No. 6: Simplify Bitcoin Strategy PLUS Income ETF ( MAXI ) +60.5% . No. 5: Valkyrie Bitcoin Strategy ETF ( BTF ) +63.2% . No. 4: VanEck Bitcoin Strategy ETF ( XBTF ) +64.3% . No. 3: ProShares Bitcoin Strategy ETF ( NYSEARCA: BITO ) +64.6% . No. 2: VanEck Digital Assets Mining ETF ( DAM ) +65.9% . No. 1: Valkyrie Bitcoin Miners ETF ( WGMI ) +83.6% . In related crypto news, Bitcoin trades back above $28K as investors appeared to shake off worries about increased regulatory scrutiny of the industry.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.